FMC Technologies to Supply Subsea Systems for Woodside Energy's Vincent Project.HOUSTON -- FMC Technologies FMC Technologies, Incorporated (NYSE: FTI), is an American machinery and oil services technology company. FMC Technologies was incorporated in 2000 when FMC Corporation divested its machinery businesses. FMC Technologies Inc. (NYSE NYSE See: New York Stock Exchange :FTI FTI Free thyroxine index, see there ) announced today that it has signed a contract with Woodside Energy Ltd. to supply 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". systems for the Vincent project, offshore Western Australia. The value of this contract is approximately $81 million in revenue. The initial scope for FMC Technologies includes the supply of 11 enhanced vertical subsea trees (EVXT), related control and tie-in systems, and two production manifolds. Manufacturing and delivery of this equipment will be fulfilled through FMC's facilities in Kongsberg, Norway and Singapore. "We appreciate the opportunity to continue to provide advanced subsea solutions to Woodside Energy through our alliance, and help solve the challenges of this offshore development," said Peter D. Kinnear, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , FMC Technologies. "We believe our increased capacity in Asia will enhance our ability to meet the needs of this growing market." For additional information about the Vincent project, please visit www.fmctechnologies.com/vincent. 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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