FMC Technologies Awarded Subsea Contract for Statoil Tyrihans Project.

HOUSTON -- FMC Technologies (NYSE:FTI) announced today that it has signed a contract with Statoil (NYSE:STO) to provide subsea systems for the Tyrihans project in the North Sea. The value of this contract is approximately $216 million in revenue.

This contract covers the supply of 13 subsea trees, 5 template structures with manifolds, a topside control system and work-over systems. First deliveries are scheduled for April, 2007, with final deliveries scheduled for November, 2008

The Tyrihans oil and gas field is located about 25 miles (40 km) south of Asgard in roughly 935 feet (285 meters) of water. The field will be tied back to the Kristin platform where the gas and oil will be processed.

"This contract for the Tyrihans project reflects our extensive experience as a subsea solutions provider in the North Sea, as well as the strength of our global alliance with Statoil," said Peter D. Kinnear, Executive Vice President, FMC Technologies. "We are pleased to be chosen by Statoil to provide the subsea systems for this project and to help them solve the ongoing challenges in the North Sea."

For additional information about the Tyrihans project, please visit www.fmctechnologies.com/tyrihans.

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.

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. Forward-looking statements are qualified in their entirety by the cautionary language set forth in the Company's filings with the Securities and Exchange Commission, including the risks and uncertainties described in the Cautionary Note Regarding Forward-Looking Statements in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2005. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.