FMC awarded Canadian Terra Nova project for subsea and floating production systems.HOUSTON--(BUSINESS WIRE)--Dec. 19, 1996--FMC Corporation's Energy and Transportation Equipment Group announced today that through its participation in the Grand Banks Grand Banks, submarine plateau rising from the continental shelf, c.36,000 sq mi (93,200 sq km), off SE Newfoundland, N.L., Canada. It is c.300 mi (480 km) long and c.400 mi (640 km) wide; depths range from 20 to 100 fathoms. Alliance, FMC See fixed mobile convergence. has been selected to provide 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". and floating production equipment for Petro-Canada's Terra Nova oil field located offshore Newfoundland in Canada. According to Joe Netherland, vice president and general manager of FMC's Energy and Transportation Equipment Group, ``FMC is committed to be the leading supplier of turnkey equipment and services. Our selection enhances our already strong presence in subsea and floating production technologies. We look forward to working with our partners in bringing this field on-line for Petro-Canada.'' During the next phase of the project, FMC and its alliance partners will proceed with engineering studies and purchase of long lead-time items. In mid-1997, upon completion of the studies and government permit approval, a contract award to the alliance for the remaining equipment and services is expected. The sales value to FMC for that contract award could total $230 million. The alliance consists of FMC Offshore Canada, Inc., a subsidiary of FMC Corporation; ShawMont Brown and Root (SBR SBR - Spectral Band Replication ), a joint venture of ShawMont Newfoundland Limited and Halliburton Canada Inc.; Coflexip Stena Offshore International; PCL (Printer Command Language) The page description language for HP LaserJet printers. It has become a de facto standard used in many printers and typesetters. PCL Level 5, introduced with the LaserJet III in 1990, also supports Compugraphic's Intellifont scalable fonts. Industrial Contractors; and DORIS Conpro Limited. The Terra Nova project will be one of the most technologically sophisticated ever undertaken. Development of the field will include a steel floating production storage and offloading A Floating Production, Storage and Offloading vessel (FPSO; also called a "unit" and a "system") is a type of floating tank system used by the offshore oil and gas industry and designed to take all of the oil or gas produced from a nearby platform (s), process it, and store system with a quick disconnect turret and an extensive network of subsea flowlines and wellhead well·head n. 1. The source of a well or stream. 2. A principal source; a fountainhead. 3. The structure built over a well. wellhead Noun 1. equipment. FMC will supply the turret for the FPSO FPSO Floating Production Storage and Off-loading (shipping & oil industry) FPSO Foster Parent Society of Ontario FPSO Fleet Publication Supply Office , the fluid transfer systems, the complete subsea manifold system, the wellhead equipment, and the subsea control systems. FMC Corporation is one of the world's leading producers of chemicals and machinery for industry, government and agriculture. The Chicago-based company reported annual sales of $4.5 billion in 1995, with international sales to more than 100 countries accounting for 48 percent of total annual revenues. FMC employs 22,000 people at 115 manufacturing facilities and mines in 24 countries. The company divides its businesses into four major segments: Industrial Chemicals, Performance Chemicals, Machinery and Equipment, and Defense Systems. CONTACT: FMC, Chicago Nicholas Kalm, 312/861-6086 Randy Woods, 312/861-6160 Bruce Bullock 281/591-4429 |
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