FMC Technologies has signed a contract with BP for the manufacture and supply of subsea equipment for the BP and Sonangol Sinopec International Block 18 field development, located offshore Angola.
According to the company, the contract is valued at approximately $140 million in revenue for FMC Technologies. The equipment will be manufactured in Angola and at FMC’s Kongsberg, Norway facility. Deliveries will commence in 2009.
FMC’s scope of supply includes one gas export regulation manifold, foundations and controls, a pressure protection system, chokes and two pipeline end manifolds.
Tore Halvorsen, FMC’s senior vice president of global subsea production systems, said: “For several years FMC has worked with BP, which operates Block 18, to develop technologies and services for this project. Today’s announcement strengthens our relationship as we continue to develop and deploy technologies.”
FMC Technologies is a global provider of technology services for the energy industry. The Company designs, manufactures and services technologically systems and products such as subsea production and processing systems, surface wellhead systems, fluid control equipment, measurement services, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America’s Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 10,000 employees and claims to operate in 23 manufacturing facilities in 19 countries.