NHY Norsk Hydro A S

FMC Technologies to Supply Subsea Systems for Norsk Hydro's Oseberg Delta Field in the North Sea HOUSTON, July 7 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. (NYSE:FTI) announced today that its FMC Kongsberg Subsea AS subsidiary has signed a contract with Norsk Hydro ASA (NYSE:NHY) to supply subsea systems for the Oseberg Delta field in the North Sea. The contract is valued at approximately $25 million in revenue to FMC Technologies. The contract scope includes two horizontal subsea trees, a template manifold and a production control system. Deliveries are scheduled to commence in July 2006 and to be completed by year-end 2006. Oseberg Delta is a satellite field that will be connected to the Oseberg-D platform. Oseberg Delta is in water depths of approximately 102 meters (335 feet). "This contract award for the Oseberg Delta Field reflects our extensive experience as a subsea solutions provider in the North Sea, as well as the strength of our relationship with Norsk Hydro," said Peter D. Kinnear, Executive Vice President, FMC Technologies. "As a preferred supplier to Norsk Hydro, we are pleased to be chosen to provide equipment and systems that help them meet their challenges." FMC Technologies, Inc. (http://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 9,000 people and operates 31 manufacturing facilities in 16 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 March 31, 2005. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements. DATASOURCE: FMC Technologies, Inc. CONTACT: media, Marvin Brown, +1-281-591-4212, or Bruce Bullock, +1-281-591-4429, or investors, Maryann Seaman, +1-312-861-6414, all of FMC Technologies, Inc. Web site: http://www.fmctechnologies.com/

Copyright