FMC Technologies Signs Five-Year Alliance Agreement With Anadarko Petroleum
Houston, Texas, May 2008 -
FMC Technologies, Inc. (NYSE:FTI) announced today that it has signed a five-year alliance agreement with Anadarko Petroleum Corporation (NYSE:APC) to provide subsea equipment for Anadarko’s Gulf of Mexico exploration and production projects. FMC Technologies’ scope of supply includes subsea trees and associated equipment and services.
“We are excited about the opportunity to continue to work with Anadarko, the largest independent deepwater Gulf of Mexico producer” said John Gremp, FMC Technologies’ Executive Vice President of Energy Systems. "They have a significant rig inventory to execute their deepwater program, a solid exploration track record, an established producing infrastructure and a robust development plan. This alliance will allow us to use our innovative technologies to support the development of their portfolio”
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company’s ability to control. Forward-looking statements are qualified in their entirety by the cautionary language set forth in the Cautionary Note Regarding Forward-Looking Statements in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s Annual Report on Form 10-K for the year ended December 31, 2006. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
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