FMC Gets $68MM Tooling Contract for StatoilHydro's Asgard Field

FMC Technologies has been awarded a contract from StatoilHydro for the manufacture and supply of additional subsea equipment for its Asgard field located in the Norwegian Sea. This contract, valued at approximately $68 million in revenue, is a call-off from a previously announced frame agreement signed in 2007 with FMC Technologies.

FMC's scope of supply includes two completion workover intervention tooling systems that will be delivered during 2009. The equipment will be manufactured at FMC's Kongsberg, Norway and Dunfermline, Scotland facilities. The systems will help maintain current production rates and support StatoilHydro's rig activities scheduled for the Asgard field.

"This is the second contract we have signed with StatoilHydro this year for equipment that will support the Asgard Field," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "We are pleased to assist them in their efforts."