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FMC Technologies Awarded $87 Million Contract to StatoilHydro's Norne Field

9 July 2008

09 July 2008

FMC Technologies, Inc

announced today that it signed a contract with StatoilHydro for the manufacture and supply of additional subsea equipment for its Norne field development located in the Norwegian Sea. The contract, valued at approximately $87 million in revenue, is a call-off from a frame agreement that was originally signed in 2007.

FMC’s scope of supply includes trees, one four-slot manifold system and associated wellheads, tubing hangersand related control and communication systems. All equipment will be manufactured at FMC's Kongsberg, Norway and Dunfermline, Scotland operations with deliveries expected to commence during 2009. “FMC and StatoilHydro have worked closely to develop technologies and solutions for a number of fields through the years,” said Tore Halvorsen, FMC’s Senior Vice President of Global Subsea Production Systems. “Today’s announcement is the third contract that we’ve signed this month with StatoilHydro and it strengthens our relationship as we continue to develop and deploy innovative technologies.”