FMC Technologies to Supply Subsea Systems for Norsk Hydro's Oseberg Vestflanken Field in the North Sea
October 27 2003 - 6:00PM
PR Newswire (US)
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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