FMC, Petrobras agree to joint subsea technology development

FMC Technologies Inc. and Petrobras have signed a memorandum of understanding to develop subsea technology for projects offshore Brazil.

Offshore staff

HOUSTON – FMC Technologies Inc. and Petrobras have signed a memorandum of understanding to develop subsea technology for projects offshore Brazil. The agreement includes development of subsea production systems to fit Brazil’s pre-salt discoveries. It also looks at methods to increase recovery rates from maturing fields.

"Today's agreement enhances our strong presence in Brazil and will play an important role in the development of systems that can effectively produce hydrocarbons in Brazil's deepwater and pre-salt environments," said John Gremp, FMC's president and COO. "We are proud to have supported Petrobras' many subsea processing achievements and are confident this agreement, as well as our Technology Center in Rio de Janeiro, will further strengthen our collaborative efforts."

12/01/2010

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