FMC Technologies Awarded $520 Million Order for Total’s CLOV Development Off Angola

FMC Technologies, Inc.  announced that it has signed an agreement with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment for the CLOV development project.

The award has a value of approximately $520 million in revenue to FMC Technologies.

FMC’s scope of supply includes the manufacture of 36 subsea trees, wellheads and controls. The Company will also supply eight manifolds, two workover systems and associated tooling and equipment. Deliveries are scheduled to commence in the first quarter of 2012. FMC continues to develop local execution capability in the region and will conduct the following activities in Angola:

* Fabrication, assembly and testing of 36 wellhead systems and 19 subsea trees

* Manufacture of 7 complete manifold systems

* Critical equipment testing, offshore installation support and equipment refurbishment

* Additional recruiting and training of onshore and offshore personnel

* Investment in local facilities

The deepwater CLOV development project consists of the Cravo, Lirio, Orquidea and Violeta discoveries, located in approximately 4,500 feet (1,370 meters) of water in Block 17 offshore Angola. Sociedade Nacional de Combustiveis de Angola (Sonangol) is the Block 17 concessionaire. In addition to Total E&P Angola, other partners include Statoil Angola Block 17 A.S., Esso Exploration Angola (Block 17) Ltd., BP Exploration (Angola) Ltd. and Norsk Hydro Dezassete A.S.

“FMC has a strong history and experience in supporting Block 17 projects, including the Pazflor, Rosa and Girassol fields,” said Tore Halvorsen, FMC’s Senior Vice President of Global Subsea Production Systems. “We are pleased to be selected by Total and look forward to supporting them and their partners with the CLOV development.”

FMC Technologies, Inc. is a leading global provider of technology solutions for the energy industry. Named by FORTUNE(R) Magazine as the World’s Most Admired Oil and Gas Equipment, Service Company in 2010, the Company has approximately 10,800 employees and operates 25 production facilities in 15 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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Source: FMCTechnologies,September 22, 2010,