FMC Technologies Wins Contract Worth USD 130 Million for Congro and Corvina Fields (Brazil)

FMC Technologies, Inc. announced that it has been awarded a contract by Petrobras  to supply two subsea separation and boosting systems for the Congro and Corvina fields, located offshore Brazil in the Campos Basin. The contract has a value of approximately $130 million in revenue to FMC Technologies.

In addition to a subsea gas/liquid separation and boosting system for each field, FMC’s scope of supply includes two subsea manifolds that will each perform production and gas lift injection for 10 wells. Other equipment includes two subsea boosting module stations, pipeline tie-in equipment and subsea control systems. The control system incorporates an innovative subsea robotics technology, designed by Schilling Robotics, to operate the manifold and separation station valves. The equipment will be engineered and manufactured at FMC’s facilities in Rio de Janeiro, Brazil.

The Congro and Corvina project is FMC’s fourth implementation of subsea processing technologies in Brazil, following phases I and II of Shell’s Parque das Conchas (BC-10) field, and the state-of-the-art heavy oil separation and water re-injection system for Petrobras’ Marlim field.

“The significance of this project is it will allow demobilization of one existing production platform and replace it with two subsea separation systems,” said Tore Halvorsen, FMC’s Senior Vice President of Global Subsea Production Systems. “This is a major milestone for subsea processing technologies and opens a new and attractive alternative solution to extend the life of mature fields and increase oil recovery.”

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 12,000 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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Source: fmctechnologies,May 04, 2011;