Petrobras orders more deepwater trees from FMC

Petrobras (NYSE:PBR) has ordered $500-million in subsea trees from FMC Technologies (NYSE:FTI).

Offshore staff

HOUSTON – Petrobras (NYSE:PBR) has ordered $500-million in subsea trees from FMC Technologies (NYSE:FTI).

The order is the call-off of the remaining value of a$1.5-billion agreement signed 1Q 2012.

The order includes 49 subsea trees, tooling, and associated subsea controls. The trees are scheduled to be installed inmultiple presalt fields for both production and injection wells. The equipment will be designed and manufactured at FMC Technologies' facilities in Brazil.

7/5/13

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