Petrobras Awards Subsea Contract To FMC

FMC Corporation announced that Petrobras, the Brazilian state-owned oil company, has awarded its FMC Energy Systems unit an order to supply a subsea manifold and associated subsea controls for the Marimba Leste field, offshore Brazil. The order is valued at $15.3 million and will be delivered to Petrobras in 2002.

According to Peter Kinnear, FMC vice president, Petroleum Equipment and Systems: "Since 1995, Petrobras has ordered a total of 17 subsea manifolds, and FMC CBV Subsea has captured 12 of these orders. These orders reflect our commitment to provide Petrobras the deepwater expertise, service and quality it needs."

FMC is one of the world's leading producers of chemicals and machinery for industry and agriculture. FMC employs approximately 15,000 people at 90 manufacturing facilities and mines in 25 countries. The company divides its businesses into five segments: Energy Systems, Food and Transportation Systems, Agricultural Products, Specialty Chemicals and Industrial Chemicals.


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