FMC Technologies Wins Statoil Contract for Tampen Area

FMC Technologies' FMC Kongsberg Subsea AS unit has signed a contract with Statoil to supply subsea systems for the Tampen area in the North Sea. The value of the contract to FMC Technologies is approximately $74 million in revenue. The contract includes six subsea trees, manifolds, production controls and associated systems. Deliveries are scheduled to commence in 2005 and be completed during the summer of 2006.

The contract covers supplies for development of the Skinfaks field and to enable enhanced oil recovery from the Rimfaks field. Both fields will be tied back to the Gullfaks C platform via existing subsea infrastructure. The fields are located in Blocks 33/12 (Skinfaks) and 34/10 (Rimfaks) in the northern part of the Norwegian North Sea, in water depth of 460 feet (140 meters). FMC Technologies previously supplied subsea systems for Gullfaks and other satellite fields in the development area.

"We are pleased that Statoil has again chosen us to supply proven systems for its Tampen area," said Peter D. Kinnear, Executive Vice President - FMC Technologies. "This contract award affirms our longstanding relationship with Statoil and our ability to supply value-added solutions for North Sea developments."