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FMC Technologies to Supply Subsea Systems for Shell Offshore Inc.'s West Boreas Project
Dec 20, 2010 (04:12 PM EST)
HOUSTON, Dec. 20, 2010 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Shell Offshore Inc. to supply subsea and topside systems for the West Boreas field development.
The West Boreas field is located in the Gulf of Mexico, in Mississippi Canyon Block 762, in water depths of approximately 3,100 feet (945 meters). FMC's scope of supply includes six subsea production trees, each rated at 15,000 psi. The company will also manufacture and provide subsea and topside controls, one manifold and related systems and equipment. Deliveries will commence in the third quarter of 2012.
"West Boreas will be the first field to utilize FMC's 15,000 psi enhanced vertical deepwater tree system," said John Gremp, President and Chief Operating Officer of FMC Technologies. "It is also the first tie-back to Shell's new Olympus tension leg platform, and we are pleased to support this development with our leading subsea systems and services."
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2010, the Company has approximately 11,200 employees and operates 25 production facilities in 15 countries. FMC Technologies 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. For more information visit 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, 2009 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.
SOURCE FMC Technologies, Inc.