FMC to Deliver 107 Subsea Trees for Use Offshore Brazil
FMC Technologies has signed a four-year subsea tree frame agreement with Petrobras. The award is expected to result in approximately $400 million in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The agreement provides assurance that at least 70 percent of the contractual value will be ordered by Petrobras during the agreement's four-year call-off period.
FMC's scope of supply includes the manufacture of up to 107 subsea trees and related tools designed for use offshore Brazil in water depths of 6,500 feet (2,000 meters). All systems and equipment will be engineered and manufactured at FMC's facility in Rio De Janeiro, Brazil.
Deliveries are scheduled to commence in 2012.
"FMC values its long and productive relationship with Petrobras," said John Gremp, Executive Vice President of FMC Technologies. "Prior to this agreement, Petrobras had awarded more than 300 subsea trees to our operations in Brazil, and we are pleased to continue supporting their ongoing deepwater developments."
Operates 33 Offshore Rigs
Manages 6 Offshore Rigs
- Petrobras To Invest 137 Million Reais Iin Sao Paulo Refinery (Mar 08)
- Petrobras Chief Says US Refinery Sale Ongoing, No Plans To Build Elsewhere (Mar 05)
- Petrobras to Sell Pasadena, Texas, Refinery (Feb 06)
Company: FMC Technologies more info
- Technip, FMC Technologies Complete Merger (Jan 17)
- FMC, Technip Receive Clearance to Combine from European Commission (Nov 24)
- Restructuring at FMC Technologies to Continue Following Layoffs (Oct 20)