FMC Technologies Tapped for Subsea Systems at Tordis Field

FMC Technologies signed an agreement with Statoil to provide the Subsea Separation Boosting and Injection system for the Tordis field in the North Sea. The value of this contract is approximately $100 million.

The contract includes a Subsea Separation Boosting and Injection system incorporating a retrievable separation module, manifold module, desander system, multiphase and water injection pumps and a water injection tree. Along with the control systems and topside equipment, umbilicals and related equipment are also included.

"We appreciate the opportunity to work with Statoil on this pioneering project. FMC Technologies subsea systems expertise combined with the separation systems technology we gained through our acquisition of CDS Engineering in 2003 will enable us to meet the challenges of Statoil's Tordis project," said Peter D. Kinnear, Executive Vice President - FMC Technologies. "We believe there is tremendous potential for this technology. Statoil states that by utilizing this technology they will be able increase recovery from the Tordis field by approximately 19 million barrels of oil."

First deliveries are expected to begin in the summer of 2006, with the major part of the system to be delivered late spring 2007.