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FMC Technologies Awarded Perdido Stage II Contract

FMC Technologies, Inc. FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Shell to supply subsea and topside systems for the Perdido Stage II Regional Development Project in the Gulf of Mexico. Terms of the transaction were not disclosed.

FMC's scope of supply includes five subsea production trees and three subsea water injection trees, each rated at 10,000 pounds per square inch (psi). FMC 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 2010.

FMC has supported Shell's Perdido project since 2007. In December of 2008, the company's global standard, enhanced vertical deepwater tree system set the current subsea deepwater completion record of 9,356 feet (2,851 meters) in the Gulf of Mexico.

"FMC has a long-standing alliance with Shell, both in the Gulf of Mexico and with international projects, and we are pleased to continue supporting the Perdido project with our subsea processing technologies and equipment," said John Gremp, President and Chief Operating Officer of FMC Technologies.

FMC Technologies, Inc. is a leading global provider of technology solutions for the energy industry. Named by FORTUNE(R) Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2010, the Company has approximately 10,400 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.

Published 06/04/10

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