HOUSTON, Aug. 16, 2007 (PRIME NEWSWIRE) -- FMC Technologies, Inc. (NYSE:FTI) announced today that it has signed a contract with Woodside Burrup Pty. Ltd. to provide a subsea system for the Pluto Project. The Pluto field is located 190 kilometers northwest of Karratha, offshore Western Australia. The contract has a value of approximately $200 million in revenue to FMC Technologies.
FMC Technologies' scope of supply for the project includes five subsea trees, related control and tie-in systems and two production manifolds. The system will be engineered and manufactured at FMC's facilities in Norway and Singapore.
"FMC and Woodside Energy have worked together on numerous projects through the years," said Tore Halvorsen, Senior Vice President, FMC Technologies, "and we appreciate the opportunity to join them once again in the development of this important offshore field."
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. For more information visit www.fmctechnologies.com.
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This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2006 and may be modified in subsequent quarterly reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.