FMC to Supply 15 Subsea Trees to Petrobras

FMC Technologies has received an order from Petrobras to supply 15 deepwater subsea trees for multiple deepwater projects offshore Brazil. The trees will be engineered and manufactured at FMC Technologies' facility in Rio de Janeiro. The order has a value of approximately $34 million in revenue to FMC Technologies.

These 15 trees are call-offs that complete a multi-year frame agreement that was first announced in August, 2006. All orders are expected to be delivered between 2009 and 2010.

"Our operation in Brazil has delivered more than 250 subsea trees and associated equipment to Petrobras during our long and productive relationship," said John Gremp, FMC's Executive Vice President. "We are pleased to once again support them with their deepwater developments offshore Brazil."

Through its FMC CBV Subsea business in Brazil, FMC Technologies has been supplying subsea solutions for the Brazilian oil industry since 1961. With two facilities in Rio de Janeiro and one service base in Macať, FMC Technologies' capabilities in Brazil include local engineering, project management, manufacturing, integration testing, installation and customer support.


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