Houston, Texas, June 01, 2007 - FMC Technologies, Inc. (NYSE: FTI) announced today that its Mexican wholly owned subsidiary, FMC Technologies de Mexico, S.A. de C.V ("FMC Technologies"), has signed a contract with Pemex-Exploracion y Produccion to provide subsea completion services for the Cantarell project, located off the coast of the Yucatan Peninsula in the Bay of Campeche, Mexico. The contract was awarded through public tender and has a value of approximately $29 million in revenue to FMC Technologies.
FMC Technologies scope of supply for the project includes 10 shallow water trees, including umbilicals and surface control systems. Deliveries are scheduled to begin in June of 2007.
"We are pleased that Pemex has selected FMC Technologies for this project," said John Gremp, Executive Vice President, FMC Technologies. "We appreciate the opportunity to work closely with Pemex in developing their expertise in subsea technology."
The Cantarell Field, located in 150 feet of water, is the largest oil field in Mexico. It is comprised of four major fields: Akal, Nohoch, Chac and Kutz.
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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