Marine Services: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

FMC Signs $1.5b Subsea Tree Agreement with Petrobras

Source: www.gulfoilandgas.com 3/29/2012, Location: South America

Share |

FMC Technologies, Inc. announced that it has signed a four-year agreement with Petrobras, Brazil's national oil company, for the supply of pre-salt subsea equipment. The total award would result in approximately $1.5 billion in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The initial call-off has an approximate value of $900 million in revenue to FMC and includes 78 subsea trees.

FMC's total scope of supply could include the delivery of up to 130 subsea trees, subsea multiplex controls and related tools and equipment. The tree systems are for use offshore Brazil in water depths up to 8,200 feet (2,500 meters). The equipment will be engineered at FMC's South American Technology Center and manufactured at FMC's subsea facility, both of which are located in Rio de Janeiro, Brazil. The subsea trees will achieve 70% Brazilian local content and deliveries are scheduled to commence in 2014.

"We have made significant investments in our Brazilian operations to enable large scale product manufacturing and the development of new technologies," said Tore Halvorsen, FMC's Senior Vice President, Subsea Technologies. "Petrobras has awarded more than 500 subsea trees to our operations in Brazil over the past 30 years, and we are pleased to support them in developing their pre-salt reservoirs."

Marine Services News in Brazil >>

Brazil Economy in June 2014
Brazil >>  7/3/2014 - The country’s GDP grew by 0.2% in the 1Q14 compared to the last quarter of last year. This is half the q-o-q rate of expansion registered in the 4Q13....
Latin America Oil Demand in June 2014
Brazil >>  6/29/2014 - Total oil consumption in Latin America is estimated to reach 6.73 mb/d in 2014, growing by around 0.23 mb/d from year-ago levels. These estimations re...


Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |


More News

Oil & Gas Companies in Brazil >>

Related Links

Countries Quick Links

AR BO BR CL CO EC FK MX PE TT UY VE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us