FMC Technologies Receives $60 Million Award for Eni's Kitan Development
17 Junho 2009 - 5:00PM
PR Newswire (US)
HOUSTON, June 17 /PRNewswire-FirstCall/ -- FMC Technologies, Inc.
(NYSE: FTI) announced today that it has received an award from Eni
(NYSE: E; BIT: ENI) for the manufacture and supply of subsea
equipment for its Kitan field development. The award has a value of
approximately $60 million in revenue to FMC Technologies. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO) Located in
approximately 1,000 feet (310 m) of water in the Timor Sea, the
Kitan field is situated approximately 100 miles (170 km) off the
East Timor coast and 300 miles (500 km) off the Australian coast.
FMC's scope of supply includes three subsea production trees and
all associated control systems and umbilicals. This engineering,
procurement and construction (EPC) project will be managed by FMC's
Asia Pacific deepwater subsea organization. All equipment will be
engineered and manufactured at FMC's operations in Singapore and
Malaysia with deliveries projected to begin in 2010. "We're pleased
to support Eni with the development of the Kitan field," said Tore
Halvorsen, FMC's Senior Vice President of Global Subsea Production
Systems. "We value our EPC partnership with Eni and will utilize
our regional presence to assist them with this project." FMC
Technologies, Inc. (NYSE:FTI) is a leading global provider of
technology solutions for the energy industry and other industrial
markets. The Company designs, manufactures and services
technologically sophisticated systems and products such as subsea
production and processing systems, surface wellhead systems, high
pressure fluid control equipment, measurement solutions, and marine
loading systems for the oil and gas industry. Named by FORTUNE
Magazine as America's Most Admired Oil and Gas Equipment, Service
Company in 2005, 2006 and 2008, FMC Technologies has approximately
10,400 employees and operates 19 manufacturing facilities in 14
countries. For more information visit
http://www.fmctechnologies.com/. This release contains
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
information of a non-historical nature and are subject to risks and
uncertainties that are beyond the Company's ability to control.
These risks and uncertainties are described under the caption "Risk
Factors" in the Company's Annual Report on Form 10-K for the year
ended December 31, 2008 and may be modified in subsequent quarterly
reports filed by the Company with the Securities and Exchange
Commission that may be accessed on the Company's website. The
Company cautions shareholders and prospective investors that actual
results may differ materially from those indicated by the
forward-looking statements.
http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO
http://photoarchive.ap.org/ DATASOURCE: FMC Technologies, Inc.
CONTACT: Investors, Rob Cherry, +1-281-591-4560, or Media, Ellen
Bates, +1-281-445-6559, or Michael King, +1-281-931-2540, all for
FMC Technologies, Inc. Web Site: http://www.fmctechnologies.com/
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