Houston, TX, July 10, 2006 - FMC Technologies (NYSE: FTI) announced today it has been awarded a contract by MODEC Inc. for the supply of a turret mooring system for a floating, production, storage and offloading system (FPSO) for the Stybarrow field, offshore northwestern Australia. The value of this contract is approximately $62 million in revenue.
The Stybarrow FPSO will be operated by BHP Billiton and will be capable of receiving up to 80,000 barrels of oil per day and storing approximately 900,000 barrels of oil. The SOFEC® disconnectable internal turret mooring system will have 12 risers and umbilicals that will be installed in 2,706 ft (825 m) of water.
"FMC Technologies is pleased to be working with MODEC and BHP Billiton," said Peter Kinnear, President, FMC Technologies. "This will be the third SOFEC mooring system installed in Australia and the twenty first FPSO/FSO project completed jointly by FMC Technologies and MODEC."
For more on the SOFEC mooring systems, please visit www.fmctechnologies.com/mooring.
FMC Technologies, Inc. (www.fmctechnologies.com) is a global leader providing mission-critical technology solutions for the energy, food processing and air transportation industries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products for its customers through its Energy Systems (comprising Energy Production Systems and Energy Processing Systems), FoodTech and Airport Systems businesses. FMC Technologies employs approximately 10,000 people and operates 32 manufacturing facilities in 17 countries.
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