HOUSTON, Dec. 20, 2010 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Shell to supply subsea and topside systems for the Cardamom Deep project in the Gulf of Mexico.
Cardamom Deep is a subsea tie-back to Shell's Auger Tension Leg Platform. The field is located in Garden Banks Block 426 in the eastern Gulf of Mexico in water depths of approximately 2,860 feet (872 meters). FMC's scope of supply includes five subsea production trees, each rated at 15,000 psi. The company will also manufacture and provide subsea and topside controls, manifold and tie-in equipment, and other systems and services. Deliveries will commence in the third quarter of 2011.
"FMC has supported several recent Shell projects in this area, including the Serrano, Oregano, Habanero, and Llano projects," said John Gremp, President and Chief Operating Officer of FMC Technologies. "We are pleased to support the Cardamom Deep field, the latest project awarded under our Gulf of Mexico alliance with Shell."
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 11,200 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.