FMC Awarded $16 Million Brazilian Subsea Contract

FMC Energy Systems business has been awarded contracts valued at $16 million to supply subsea production solutions for Petrobras and Halliburton KBR offshore Brazil.

The Petrobras contract calls for the supply of 11 subsea trees, to be installed in the deepest parts of Petrobras' Roncador and Albacora East fields. The guidelineless trees, rated for a depth of 2,000 meters (approximately 6,500 feet) are scheduled for delivery starting in early 2003.

The Halliburton KBR contract calls for the supply of a Pipeline End Manifold and a Pipeline End Termination for the Barracuda and Caratinga fields. Delivery is scheduled for later this year. Halliburton Company is the engineering, procurement, installation and construction developer for the Barracuda and Caratinga development, and Halliburton KBR is the engineering and construction segment of Halliburton.

FMC Technologies also announced that its Brazil-based FMC CBV Subsea business recently delivered the gas lift subsea manifold for the Roncador field to Petrobras. Weighing almost 180 tons and measuring 10x7x5 meters, the manifold is scheduled to be installed in water depth of 1,892 meters (approximately 6,200 feet) in late March. When installed, it is anticipated to set a world record for manifold installation water depth.

"These solutions for Petrobras and Halliburton KBR reaffirm FMC Energy Systems' deepwater expertise, technology leadership and commitment to customer service," said Peter D. Kinnear, Vice President - FMC Energy Systems. "In 2001, our operations in Brazil shipped 25 subsea trees -- a one-year Brazilian record -- and they intend to ship their 200th subsea tree this year."

FMC CBV Subsea, a unit of FMC Energy Systems, has been supplying total, integrated subsea solutions for the Brazilian oil industry since 1961. The activities in Brazil combine local engineering, project management, manufacturing, integration testing, installation and customer support.


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