FMC Technologies signed an agreement with Statoil for the design and supply of subsea equipment to support its Snorre field, located in the North Sea. The award will result in approximately $40 million in revenue to FMC Technologies.
"Statoil recently announced a modification program on the Snorre field that is designed to extend the field's productive life span through 2040," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "FMC has supported the Snorre development for more than 20 years, and we are pleased to continue assisting Statoil with their equipment needs."
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