FMC Enters Sourcing Agreement with BP

FMC Energy Systems business has signed a three-year strategic sourcing agreement with BP to supply Lease Automatic Custody Transfer (LACT) units for BP's deepwater developments in the Gulf of Mexico.

The first orders under the agreement have been received for BP's Holstein and Thunder Horse fields. LACT units provide unattended metering and transfer of oil or gas from the well to the pipeline. FMC Measurement Solutions is supplying these units and anticipates metering system orders for additional BP projects in the Gulf of Mexico.

"We are pleased that BP has chosen FMC Energy Systems as a strategic source for metering systems for their deepwater Gulf of Mexico developments," said Robert L. Potter, Vice President - FMC Energy Systems. "We have been providing BP with subsea systems and services under a five-year frame contract, which began last year. This agreement builds on that relationship and reflects our capability of providing integrated solutions for a broad range of customer needs."