FMC Technologies Receives Subsea Equipment Order for CNR
International's Baobab Field Phase 3
HOUSTON, Jan. 10, 2013 /PRNewswire/ -- FMC
Technologies, Inc. (NYSE: FTI) announced today that it has received
an order from CNR International Ltd. (NYSE: CNQ) for subsea
equipment for the Baobab field.
The Baobab field is located in Block CI-40 West Africa approximately 16 miles (25
kilometers) offshore from the Ivory
Coast. FMC Technologies' scope of supply includes six subsea
trees, eight wellheads, three manifolds, and a Subsea Control
System including subsea distribution systems and associated topside
control systems. The equipment is scheduled for delivery in
2014.
"FMC Technologies is pleased to support CNR International in its
ongoing development of the Baobab field," said Tore Halvorsen, FMC Technologies' Senior Vice
President, Subsea Technologies. "This subsea production system
provides CNR International with the subsea technologies needed to
enable further development of the field."
CNR International is the operator in the CI-40 block and is
partnered with Svenska Petroleum and Petroci, the Ivorian National
Oil Company.
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 2012, the Company
has approximately 16,800 employees and operates 30 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
word "estimated" and similar expressions are intended to identify
forward-looking statements, which are generally not historical in
nature. Such forward-looking statements involve significant
risks, uncertainties and assumptions that could cause actual
results to differ materially from our historical experience and our
present expectations or projections. Known material factors
that could cause our actual results to differ from those in the
forward-looking statements include the Company's ability to
successfully manufacture and deliver, and CNR International'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 Annual Report on Form 10-K for the year ended
December 31, 2011, as well as its
other filings with the Securities and Exchange Commission.
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.