FMC Technologies Signs $80 Million Subsea Service Contract With Petrobras
January 20 2010 - 4:07PM
PR Newswire (US)
HOUSTON, Jan. 20 /PRNewswire-FirstCall/ -- FMC Technologies, Inc.
(NYSE: FTI) announced today that it has signed a subsea service
contract with Petrobras (NYSE:PBRNYSE:PBRA). The agreement is
effective through 2012 and is expected to result in an additional
$80 million in revenue to FMC Technologies. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO) FMC's
scope of supply includes storage, maintenance, commissioning and
offshore services for subsea and topside control systems and drill
pipe riser systems. "FMC has a strong and longstanding relationship
with Petrobras," said John Gremp, Executive Vice President of FMC
Technologies. "Today's announcement further strengthens that
relationship, and will be supported by our two manufacturing
facilities in Rio de Janeiro and one service base in Macae." FMC
Technologies, Inc. (NYSE:FTI) is a leading global provider of
technology solutions for the energy industry and other industrial
markets. The Company has approximately 10,400 employees and
operates 19 manufacturing facilities in 14 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
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 of
FMC Technologies, Inc. Web Site: http://www.fmctechnologies.com/
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