FMC Technologies to Supply Subsea Systems for Alve Project

FMC Technologies has signed a contract with Statoil to supply subsea systems for the Alve project in the Norwegian Sea. The value of this contract is approximately $55 million in revenue.

Alve is a tie-back project to the Norne FPSO. The scope of supply includes one four-slot template with manifold, one subsea production tree, related control systems, umbilicals and an overtrawlable protection structure. The subsea system will be engineered and manufactured at FMC Technologies' facility in Kongsberg, Norway. First deliveries are scheduled for the third quarter of 2007.

"FMC Technologies' long-term alliance with Statoil combined with the experience gained through previous projects tied back to Norne, including Urd and Norne K, should contribute to the successful execution of the Alve project," said Peter D. Kinnear, President, FMC Technologies.

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