The equipment will support three of ConocoPhillips’ offshore fields, which are located in approximately 300ft of water offshore Indonesia in the Natuna Sea.

FMC will supply up to 12 subsea production trees, wellheads, control systems and associated offshore tooling and services.

The contract is expected to result in about $96m in total revenue to FMC if all of the subsea equipment included in the agreement is ordered.

FMC’s facilities in Indonesia, Singapore and Malaysia will manufacture the equipment, with deliveries scheduled to begin this year.