Houston, Texas, August 01, 2007 - FMC Technologies, Inc. (NYSE: FTI) announced today that it has been chosen to supply subsea systems for Murphy Oil Corporation's (NYSE:MUR) Azurite project, located offshore, Republic of the Congo. The contract has a value of approximately $80 million in revenue to FMC Technologies.
FMC Technologies' scope of supply for the project includes 10 vertical subsea trees, related slimbore wellheads, controls systems and one ten-slot manifold. Deliveries will begin in mid-2008.
"We are pleased to be providing this important subsea system for Murphy Oil's Azurite project," said John Gremp, Executive Vice President, FMC Technologies, "and we look forward to working with Murphy in this growing West African market."
The Azurite project is located in 4600 feet of water, in the Mer Profonde Sud block, offshore Republic of the Congo.
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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