PHOTO: FMC Technologies delivers its ‘last’ subsea tree
FMC Technologies, a US-based provider of subsea systems for offshore oil and gas industry has delivered its last subsea tree, a piece of equipment used for the monitoring and control of production from offshore wells.
Namely, the company, which has delivered more than 2000 units over the years, on Saturday shared a photo of a truck loaded with a subsea tree, with the following caption:
“Yesterday the last FMC Technologies tree left one of our Houston facilities. The next one to leave will be the first TechnipFMC tree.”
The company was referring to the imminent completion of its merger with the French oilfield services provider Technip, which will create the company named TechnipFMC.
Technip and FMC Technologies are set to finalize the merger on Monday, January 16, 2017, after close of business, and TechnipFMC ordinary shares will be listed under ticker “FTI” on January 17, 2017, starting from the opening of the respective trading sessions on Euronext Paris (9:00 a.m. CET) and on the NYSE (9:30 a.m. EST).
To remind, the two firms first announced the intention to merge back in May, when they said the move would create “a global leader that will drive change by redefining the production and transformation of oil and gas.”
The combined company will be called TechnipFMC and will have an equity value of $13 billion (according to info from May 2016).
Offshore Energy Today Staff