Houston, Texas, July 25, 2007 - FMC Technologies (NYSE: FTI) announced today that it set a new subsea deepwater completion record of 8,995 feet for the Independence Hub project located in the Gulf of Mexico. FMC has supplied 15 subsea trees and associated equipment for Anadarko, ENI and Hydro since the project began in 2005.
Independence Hub is a deep-draft, semi-submersible platform connected to 10 natural gas fields. Anadarko is the operator of eight of the 10 fields and is also the operator of the Independence Hub facility, which is owned by Enterprise Products Partners L.P. and Helix Energy Solutions. ENI and Hydro are operators of the other two fields. These fields are located in the Atwater Valley, DeSoto Canyon and Lloyd Ridge areas of the deepwater Gulf of Mexico, where water depths range from 7,800 to 9,000 feet.
"We are pleased to be part of the team delivering subsea trees for the deepest offshore production facility in the world," said John Gremp, Executive Vice President, FMC Technologies. "We look forward to continuing this relationship in the future, supplying additional equipment as needed for the Independence project."
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry and other industrial markets. The Company 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. The Company also produces food processing equipment for the food industry and specialized equipment to service the aviation industry. Twice named as the Most Admired Oil and Gas, Equipment Service Company by FORTUNE magazine, FMC Technologies employs approximately 11,000 people and operates 33 manufacturing facilities in 19 countries.
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