FMC Technologies to Supply Subsea Systems for Norsk Hydro's Oseberg Delta

FMC Technologies' subsidiary, FMC Kongsberg Subsea AS, has signed a contract with Norsk Hydro to supply subsea systems for the Oseberg Delta field in the North Sea. The contract is valued at approximately $25 million in revenue to FMC Technologies.

The contract scope includes two horizontal subsea trees, a template manifold and a production control system. Deliveries are scheduled to commence in July 2006 and to be completed by year-end 2006. Oseberg Delta is a satellite field that will be connected to the Oseberg-D platform. Oseberg Delta is in water depths of approximately 102 meters (335 feet).

"This contract award for the Oseberg Delta Field reflects our extensive experience as a subsea solutions provider in the North Sea, as well as the strength of our relationship with Norsk Hydro," said Peter D. Kinnear, Executive Vice President, FMC Technologies. "As a preferred supplier to Norsk Hydro, we are pleased to be chosen to provide equipment and systems that help them meet their challenges."

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