Statoil Orders Subsea Equipment from FMC Technologies (Norway)

Statoil Orders Subsea Equipment from FMC Technologies (Norway)

FMC Technologies, Inc.  has signed an agreement with Statoil  for the supply of additional subsea equipment for the Snorre field in the Norwegian part of the North Sea. The order has an estimated value of $33 million in revenue.

Under the terms of the agreement, FMC Technologies will provide 10 production risers and tieback connectors. The equipment is scheduled for delivery in 2015.

“FMC Technologies has been providing subsea equipment for the Snorre development for more than 20 years,” said Tore Halvorsen, FMC Technologies’ Senior Vice President, Subsea Technologies. “We are pleased to continue to provide equipment and systems that help Statoil with their ongoing development of this field.”

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Press Release, December 27, 2012

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