Petrobras Awards FMC $17 Million Contract

FMC Technologies, Inc. has been awarded a contract to supply three deepwater solutions for Petrobras totaling approximately $17 million.

The first solution entails 18,200 feet of completion riser joints, comprising design, fabrication and factory acceptance testing. The system is scheduled for delivery in the second half of 2002. A five-year service contract, covering operation, storage and maintenance, also is anticipated.

Another solution covers the supply of vertical subsea trees for Petrobras' developments in the Campos Basin. The trees, designed for installation in water depth of 5,000 feet, are scheduled for delivery in the third quarter of 2002.

The third solution is provided by a pipeline termination manifold for Petrobras' Roncador field. The manifold is scheduled to be delivered in the third quarter of 2002.

"These solutions for Petrobras reaffirm FMC Energy Systems' deepwater expertise, technology leadership and commitment to customer service," said Peter D. Kinnear, Vice President - FMC Energy Systems. "They also reflect our long-standing relationship with Petrobras and Petrobras' satisfaction with the subsea solutions we provide."

FMC CBV Subsea, a unit of FMC Energy Systems, has been supplying total, integrated subsea solutions for the Brazilian oil industry since 1961. The activities in Brazil combine local engineering, project management, manufacturing, integration testing, installation and customer support.