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Total Awards FMC Technologies $210 Million Subsea Contract to Support Laggan-Tormore Field

FMC Technologies, Inc.FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Total Exploration and Production UK Ltd for the manufacture and supply of subsea production equipment to support the Laggan-Tormore field. The award has a value of approximately $210 million in revenue to FMC Technologies.

Laggan-Tormore is an offshore gas field located in water depths of approximately 1,950 feet (600 meters) west of the Shetland Islands in the North Sea. FMC's scope of supply includes the manufacture of nine subsea trees, eight wellheads and two six-slot manifolds. FMC will also provide 12 multiphase meters, 10 subsea control modules and associated control systems. The equipment will be manufactured and assembled at FMC's facilities in Dunfermline, Scotland and Kongsberg, Norway and at FMC's Multi Phase Meters AS (MPM) operation in Stavanger, Norway. Deliveries are scheduled to commence in the first quarter of 2011.

"The Laggan-Tormore field is located in one of the harshest environments of the UK continental shelf," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "We are pleased that Total has selected our systems and technologies for this highly technical project."

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 08/04/2010

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