FMC Technologies to Supply Subsea Systems for Shell's Parque das Conchas Phase II Project Offshore Brazil

Oct 26, 2010, 16:00 ET from FMC Technologies, Inc.

HOUSTON, Oct. 26 /PRNewswire/ -- FMC Technologies (NYSE: FTI) announced today that it has signed a contract with Shell Group Companies to supply subsea systems for the Parque das Conchas Phase II project.

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FMC's scope of supply will include 11 subsea trees rated at 10,000 psi and two production manifolds. The company will also supply an artificial lift manifold containing four subsea gas/liquid separation and boosting modules, as well as related subsea controls. The subsea system will be engineered and manufactured at FMC Technologies' facility in Rio de Janeiro. Deliveries will occur in 2012.

Also known as the BC-10 Phase II development, the project is an expansion of the original block located offshore Brazil in water depths ranging from 5,000 to 6,500 feet (1,500 to 2,000 meters). FMC Technologies was awarded Phase I in 2006 and supplied the subsea systems, including separation and boosting modules to Shell.  

"Phase I of this field came on-stream in July of 2009 and represented some significant technology advances in subsea separation," said John Gremp, President and Chief Operating Officer. "This includes our delivery of the industry's first subsea gas/liquid separation and boosting system. We're pleased to continue our strong alliance with Shell and to support their efforts offshore Brazil and in other international basins."

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 10,800 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.



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