Offshore staff

HOUSTON --Star Deep Water Petroleum Ltd. has contracted FMC Technologies Inc. to provide 11 additional subsea trees and associated structures and control systems for the Agbami project offshore Nigeria for $54 million.

The manufacture of these trees and systems is under an existing contract awarded to FMC in 2005. Deliveries will be completed over a multi-year period starting in 3Q 2008.

"We are pleased to receive the approval to supply these additional trees," says John Gremp, executive vice president, FMC Technologies. "Our experience with the Agbami Project combined with our growing local presence in Nigeria should contribute to the successful execution of this contract."

Agbami covers approximately 45,000 acres across OMLs 127 and 128, in water depths of approximately 4,800 ft (1,500 m). The field is approximately 70 mi (113 km) offshore Nigeria, in the central Niger Delta. The field is operated by Star Deep Water on behalf of its partners, NNPC, Famfa Oil Ltd., Statoil Nigeria Ltd., Petroleo Brasileiro Nigeria Ltd, and Texaco Nigeria Outer Shelf Inc. (a Chevron affiliate).

5/4/2007