FMC Awarded $200 M Contract for Gullfaks South

FMC Technologies, Inc. announced that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Gullfaks South field development. The contract has an estimated value of $200 million in revenue to FMC Technologies.

Gullfaks South will be developed as a fast-track project in blocks 34/10 and 33/12 in the North Sea, in water depths between 425 and 720 feet (130-220 meters). FMC's scope of supply includes seven subsea production trees, seven wellhead systems, two integrated protection structures with manifolds, and additional controls and equipment. The systems will be supplied from the Company's operations in Norway and Scotland with deliveries scheduled to begin in the second quarter of 2013.

"Statoil has made significant technology investments for Gullfaks, which is Europe's largest fixed-platform subsea tie-back development," said Tore Halvorsen, FMC's Senior Vice President, Subsea Technologies. "We are pleased to continue supporting their efforts to increase recovery and extend the life of this important field."

• Jumbo Installed Five Structures for Ikhwezi Project 
• Expro Wins $10mn Award for Full Service Offering 
• FMC Signs Subsea Services Agreement with Petrobras 
• Aker Receives Second Call-Off from Petrobras 
• Mermaid Awarded Subsea Services Contract in China 
• FMC Receives Subsea Equipment Order for Snorre Field 
• Aker Officially Opens Malaysian Subsea Service Base 
• Technip & COOEC Awarded Subsea Contract in China 
• FMC Awarded $200 M Contract for Gullfaks South 
• Cameron Awarded Subsea Systems Supply Contract from CNOOC 

• Greater Plutonio Project In Block 18, Offshore Angola 
• FMC Technologies Signs Additional Contracts for BP's Greater Plutonio Project 
• FMC Appoints Potter as President & Pferdehirt as EVP & COO 
• FMC Technologies to Acquire Pure Energy Services 
• Drilling Engineering & Equipment Systems