FMC Technologies Supplying Subsea Systems for Hydro's O2 Project

FMC Technologies has been chosen to supply the subsea systems for Norsk Hydro's O2 project, a tie-back to the Troll C floating production unit in the North Sea, offshore Norway. The contract has a value of approximately $66 million in revenue to FMC Technologies.

FMC Technologies' scope of supply includes five subsea trees, one six slot manifold with protection structures and related control systems. The systems will be engineered and manufactured at the Company's facilities in Kongsberg, Norway and Dunfermline, Scotland. Deliveries are scheduled for second quarter 2009.

"This contract reflects our extensive experience in the North Sea, as well as the strength of our relationship with Hydro," said John Gremp, Executive Vice President, FMC Technologies. "Through our industry leading technology, we are helping Hydro meet some of its most difficult subsea challenges on this and other projects."

The O2 project is an extension to one of the largest subsea developments world wide, consisting of about 100 subsea wells tied-back to the Troll floating production units.

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