FMC Technologies to supply subsea equipment, sytems

Petrobras has chosen FMC Technologies Inc. to supply subsea equipment for projects in the Golfinho and Piranema fields offshore Brazil. The total value of the contracts to FMC Technologies is approximately $30 million in revenue.
April 21, 2005
2 min read

Offshore staff

Petrobras has chosen FMC Technologies Inc. to supply subsea equipment for projects in the Golfinho and Piranema fields offshore Brazil. The total value of the contracts to FMC Technologies is approximately $30 million in revenue.

FMC Technologies' scope of supply for Petrobras includes 13 subsea trees. FMC designed the trees for service in 6,562 ft of water depth.

"We are pleased to be chosen by Petrobras to provide subsea equipment for these new developments outside the Campos basin," says Peter D. Kinnear, executive vice president – FMC Technologies. "These awards reflect our extensive experience as a subsea solutions provider offshore Brazil and our efforts to be the key supplier to the leading operator in this market."

Through its FMC CBV Subsea business unit, FMC Technologies has been supplying subsea solutions for the Brazilian oil industry since 1961. With facilities in Rio de Janeiro and Macaé, FMC Technologies' capabilities in Brazil include local engineering, project management, manufacturing, integration testing, installation, and customer support.

ChevronTexaco has also awarded FMC Technologies a contract to supply subsea systems for the Agbami project offshore Nigeria. The contract with Star Deep Water Petroleum Ltd., an affiliate of ChevronTexaco Corp., has a value of $276 million in revenue to FMC Technologies.

FMC Technologies' scope of supply for the Agbami project includes 22 subsea trees and associated structures, manifolds, and production control systems. FMC Technologies plans to construct facilities in Nigeria to support local supply of equipment. Deliveries will be completed over a multi-year period and are scheduled to begin in 3Q 2006.

"Our supply of subsea systems for the Agbami project will involve local content, local employment opportunities, and a technical training program," says Kinnear. "We appreciate the opportunity afforded us by ChevronTexaco and the Nigerian National Petroleum Corp. to provide technologically advanced subsea systems for this important project. We believe our investment in Nigerian facilities also will enhance our ability to serve the growing Nigerian market."

The Agbami field covers approximately 45,000 acres across OMLs 127 and 128 in water depths of approximately 4,200-5,400 ft. The field is approximately 70 mi off Nigeria in the central Niger Delta Area. Star Deep Water Petroleum Ltd. operates the Agbami field on behalf of its partners NNPC, Famfa Oil Ltd., Statoil Nigeria Ltd., Petroleo Brasileiro Nigeria Ltd., and Texaco Nigeria Outer Shelf Inc. (a ChevronTexaco affiliate).

04/21/05

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