Australia: FMC Technologies to Supply Subsea Systems for GWF Phase 1 Project

FMC Technologies, Inc. announced that its Australian subsidiary has signed an agreement with Woodside Energy Ltd. for the design, manufacture and supply of subsea production systems to support the Greater Western Flank (GWF) Phase 1 Project. The contract has a value of approximately $150 million in revenue to FMC Technologies.

The GWF Phase 1 Project will develop the Goodwyn GH and Tidepole fields, and represents the next major development for the Woodside operated North West Shelf Project. The GWF fields are located in water depths of 230 to 425 feet (70 to 130 meters). FMC’s scope of supply includes six subsea production trees, six wellheads, two manifolds, subsea and topside controls and flowline connection systems. Deliveries are expected to commence in the second half of 2012 and continue through 2013.

“Greater Western Flank becomes the most recent addition to the many Woodside projects that FMC supports under our existing frame agreement,” said Tore Halvorsen, FMC’s Senior Vice President, Global Subsea Production Systems.”Today’s announcement provides excellent opportunities for FMC as this project will continue to maximize the value of existing infrastructure and demonstrates additional investments in Australia’s largest resource project.”

FMC Technologies, Inc. is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World’s Most Admired Oil and Gas Equipment, Service Company in 2010, the Company has approximately 13,500 employees and operates 27 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.

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Subsea World News Staff , January 10, 2012;  Image: FMC Technologies