Houston, Texas, May 03, 2007 - FMC Technologies (NYSE: FTI) announced today that it has signed a contract with Shell to supply the subsea completion and subsea processing systems for the Perdido Regional Development project in the Gulf of Mexico.
The scope of supply for this phase of the Perdido Regional Development includes 17 subsea trees rated for 10,000 pounds per square inch (psi), two subsea manifolds, five subsea caisson separation and boosting systems, topside and subsea controls and related subsea equipment. This will be FMC's second full-field development contract signed with Shell utilizing subsea oil and gas separation and boosting following the recent award by Shell of the BC-10 field development, offshore Brazil. The subsea system will utilize FMC's globally managed product standards, supporting manufacturing and supply networks, and project management processes.
"We are pleased to provide equipment and services for the Perdido Regional Development, and we are especially proud that Shell has selected FMC to deliver the subsea processing technology for this major project," said John Gremp, Executive Vice President, FMC Technologies. "This contract reflects our extensive experience in the Gulf of Mexico and the strength of our long-standing alliance with Shell."
The Perdido Regional Development is located approximately 200 miles south of Freeport, Texas and will have a spar-based common processing hub moored in about 8,000 feet of water, making it the deepest production spar in the world. Ultra deep water depths in the Perdido area range from about 7,500 to 10,000 feet, with a rugged seabed terrain.
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.