FMC Technologies Dives into Jubilee Deepwater Development

FMC Technologies will support the Jubilee Integrated Project Team (IPT) -- consisting of Kosmos Energy (technical operator), Anadarko Petroleum and Tullow Oil & Gas (unit operator) -- with the design and manufacture of subsea production systems for use in the Jubilee deepwater development. The award is expected to result in $210 million in revenue to FMC Technologies.

The Jubilee development is located in approximately 4,000 - 5,100 feet (1,200 - 1,500 meters) of water offshore Ghana, Africa. FMC's scope of supply will include 19 enhanced horizontal subsea trees, 5 production manifolds, 3 injection manifolds, a pair of riser bases and associated control systems for the project.

Jubilee is a fast-track project which was initiated in 2008 and deliveries are scheduled to begin in three months. Equipment for this order is based on FMC's proven standard designs and will be supplied through the company's accelerated delivery program (Subsea OnDemand™) to meet short lead-time requirements.

"FMC has a strong presence in West Africa," said John Gremp, Executive Vice President of FMC Technologies, "and we're pleased to support the Jubilee IPT in their fast-track development of this new subsea project in Ghana."