NHY Norsk Hydro A S

FMC Technologies to Supply Subsea Systems for Norsk Hydro's Ormen Lange Field In the North Sea HOUSTON, Nov. 25 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. announced today that its FMC Kongsberg Subsea AS unit has signed an agreement with Norsk Hydro ASA to supply subsea systems and related services for the first phase development of the Ormen Lange Field in the North Sea. The contract value for the first phase is approximately $145 million. The Ormen Lange Field is the largest undeveloped gas field on the Norwegian Continental Shelf. The Engineering, Procurement and Construction (EPC) contract for the first phase includes eight subsea trees and associated structures, manifolds and production control systems, as well as connection systems for flowlines and umbilicals. An additional contract includes technical services related to installation and startup. The EPC contract includes an option for eight additional subsea trees and associated equipment as well as potential further equipment deliveries in the future. "We are pleased to be chosen by Norsk Hydro to provide the subsea systems for this important project, which is distinguished by its size, complexity and technical challenges. This agreement for the Ormen Lange 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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