NHY Norsk Hydro A S

FMC Technologies to Supply Subsea Systems for Norsk Hydro's Oseberg Vestflanken Field in the North Sea HOUSTON, Oct. 27 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. announced today that it has signed an agreement with Norsk Hydro ASA to supply subsea systems and related services for the Oseberg Vestflanken Field in the North Sea. The contract is valued at approximately $28 million. The Engineering, Procurement and Construction (EPC) contract for the Oseberg Vestflanken Field is within the scope of the frame agreement for subsea systems signed in 2000 by FMC Kongsberg Subsea AS, FMC Technologies' Norway-based subsidiary, and Norsk Hydro. The Oseberg Vestflanken contract includes four subsea trees and associated structures, manifolds and production control systems, as well as connection systems for flowlines and umbilicals. "This agreement for the Oseberg Vestflanken Field reflects our extensive experience as a subsea solutions provider in the North Sea, as well as the strength of our global alliance with Norsk Hydro," said Peter D. Kinnear, Vice President, FMC Technologies. 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. The Company 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 8,500 people and operates 32 manufacturing facilities in 15 countries. Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Technologies' 2002 Form 10-K and other filings with the U.S. Securities and Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Technologies does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance. http://www.newscom.com/cgi-bin/prnh/20010611/FMCLOGO http://photoarchive.ap.org/ 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/

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