HOUSTON, Dec. 12, 2011 /PRNewswire/ -- FMC
Technologies, Inc. (NYSE: FTI) announced today that it has signed a
contract with BP (NYSE: BP) for the manufacture and supply of
additional subsea equipment for its ongoing deepwater projects
offshore Angola.
FMC's scope of supply includes four subsea trees, control
systems, wellheads, tubing hangers, well jumpers and subsea
distribution systems. The equipment will be manufactured at
FMC's Kongsberg, Norway and
Dunfermline, Scotland facilities
and will be delivered in 2013. Final assembly and testing
activities will be performed at FMC's operation in Angola.
"We have worked closely with BP and supported their Block 18
deepwater projects for several years," said John Gremp, Chairman, President and CEO of FMC
Technologies. "We are pleased they continue to see the benefits of
our innovative technologies and our extensive experience in subsea
activities offshore West
Africa."
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 13,500 employees and operates 27 production
facilities in 16 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. The
words "believe," "expect," "anticipate," "plan," "intend,"
"foresee," "should," "would," "could" and similar expressions,
including the negative thereof, are intended to identify
forward-looking statements, which are generally not historical in
nature. These forward-looking statements are based on the
Company's current expectations and beliefs concerning future
developments and their potential effect on the Company. While
management believes that these forward-looking statements are
reasonable as and when made, there can be no assurance that any
projected results or events will be achieved.
All of the Company's forward-looking statements involve
significant risks and uncertainties (some of which are beyond the
Company's control) and assumptions that could cause actual results
to differ materially from our historical experience and our present
expectations or projections. Such risks and uncertainties
include, but are not limited to, the Company's ability to
successfully manufacture and deliver, and BP's acceptance of, the
subsea systems ordered. For additional information regarding
known material factors that could cause actual results to differ
from projected results, please see the Company's filings with the
Securities and Exchange Commission, including its Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K. The Company cautions you not to place undue
reliance on any forward-looking statements, which speak only as of
the date hereof. The Company undertakes no obligation to
publicly update or revise any of its forward-looking statements
after the date they are made, whether as a result of new
information, future events or otherwise.
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SOURCE FMC Technologies, Inc.