FMC awarded Asgard subsea contract

StatoilHydro has awarded FMC Technologies a $45-million contract for the manufacture and supply of subsea equipment to support oil and gas production at the Asgard development in the Norwegian Sea.

Offshore staff

HOUSTON -- StatoilHydro has awarded FMC Technologies a $45-million contract for the manufacture and supply of subsea equipment to support oil and gas production at the Asgard development in the Norwegian Sea.

FMC's scope of supply includes four horizontal subsea trees, wellhead systems, and extended tubing hangers as well as flow control modules, multi-phase flow meters, and permanent guide bases. The equipment will be manufactured at FMC's Kongsberg, Norway and Dunfermline, Scotland operations with deliveries expected to begin this summer.

"We have manufactured more than 50 trees that have been deployed at the Asgard field and are also in the process of supplying subsea gas compression control systems for the Asgard development," says Tore Halvorsen, FMC's senior VP of global subsea production systems. "Today's announcement strengthens our existing relationship with StatoilHydro and we welcome the opportunity to supply additional equipment for this project."

07/07/2008

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