FMC Technologies receives $39 million subsea equipment order for Statoil's Tyrihans field

Friday, Nov 16, 2012

FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Statoil (NYSE: STO) for additional subsea equipment for the Tyrihans field. The order has an estimated value of $39 million in revenue.

This order covers the supply of two subsea trees and three choke modules. The equipment is scheduled for delivery in 2013 and will be engineered and manufactured at FMC Technologies' facilities in Norway and Scotland.

"FMC Technologies has been working with Statoil on the Tyrihans project since early in 2006," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "This order reflects our experience as a provider of advanced subsea systems and we are pleased to deliver solutions to Statoil that help them solve the ongoing challenges in the Norwegian Sea."

Source: FMC Technologies

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