FMC Technologies to Supply Subsea System for Petrobras' Mexilhao Field.HOUSTON -- FMC Technologies, Inc. (NYSE NYSE See: New York Stock Exchange : FTI FTI Free thyroxine index, see there ) announced that is has been chosen to supply the subsea Subsea is a general term frequently used to refer to equipment, technology, and methods employed to explore, drill, and develop oil and gas fields that exist below the ocean floors. This may be in "shallow" or "deepwater". gas production system for Petrobras' MexilhEuo field offshore Brazil. The project has a value of approximately $122 million in revenue to FMC Technologies. The scope of supply includes 6 subsea trees, 2 subsea manifolds with multiplexed controls and related subsea systems. Field requirements include a subsea system rated for 10,000 psi and high temperatures to 300F. Equipment for this project will be engineered and manufactured at FMC See fixed mobile convergence. Technologies' facility in Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r . Deliveries are slated for 2008. "Petrobras' selection of FMC Technologies for the MexilhEuo project reflects the strength of our relationship," said Peter D. Kinnear, President, FMC Technologies. "We are pleased to be chosen by Petrobras to supply the systems for this gas production project." The MexilhEuo field is located in the Santos Basin, SEuo Paulo State, about 160 kilometers offshore and water depths of 320 to 550 meters. With two facilities in Rio de Janeiro and one service base in MacaE[umlaut umlaut ( m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ], FMC Technologies' capabilities in Brazil include local engineering, project management, manufacturing, integration testing, installation and customer support. 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 11,000 people and operates 32 manufacturing facilities in 17 countries. This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2005 and may be modified in subsequent periodic 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. |
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