Gulf Oil and Gas accountACCOUNT

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 >>

Mexico >>  6/22/2016 - Canadian oil production in 2016 – despite an upward revision by 60 tb/d in 1Q16 – was revised down by 25 tb/d from the previous MOMR to average 4.48 m...
Mexico >>  6/20/2016 - After working more than 50 years in the Oil and Gas industry J.Servais wrote the book ‘For The Love Of Oil’, to avoid human mistakes that resulted in ...

Brazil >>  6/16/2016 - In Brazil, oil demand for the month of April was declining again, with product demand dipping by more than 0.12 mb/d, or around 5% y-o-y, with total c...
Mexico >>  6/13/2016 - TransCanada Corporation (TransCanada) announced that its joint venture with IEnova, Infraestructura Marina del Golfo (IMG), has been chosen to build, ...

Brazil >>  6/11/2016 - Ratings agency Fitch downgraded Brazil’s long-term foreign and local currency ratings to BB from BB+, with a negative outlook, reflecting the agency’s...
Brazil >>  6/7/2016 - Petrobras began a bidding process to sell its liquefied natural gas (LNG) terminals in Rio de Janeiro and Ceara, along with the thermoelectric power p...

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 | 11 | 12 | 13 | 14 | 15 | 16 |

More News

 

Oil & Gas Companies in Brazil >>


Related Links

AR BM BO BR CL CO EC FK GY MX PE TT UY VE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.