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FMC Awarded $75 Million Roncador Module III Contract

Source: 2/10/2009, Location: South America

FMC Technologies, Inc announced that it has received an award from Petrobras to engineer and manufacture four subsea manifolds and controls for its Roncador Module III project. This project will also incorporate FMC's All-Electric technology in Brazilian waters. The contract is valued at approximately $75 million in revenue for FMC.

FMC's scope of supply consists of two, six-slot subsea manifolds to distribute gas lift injection to 12 wells. These manifolds will also contain 12 subsea control modules that will provide electro-hydraulic functions to operate the manifolds and subsea trees. The company will also supply two additional manifolds for water injection that will utilize FMC's proprietary All-Electric actuators for the operation of the chokes. The equipment will be engineered and manufactured at FMC Technologies' facility in Rio de Janeiro with deliveries expected to commence in 2010.

"We are pleased that a leading operator, Petrobras, recognizes the value of our All-Electric technology and our subsea systems," said John Gremp, Executive Vice President of FMC Technologies. "We have manufactured systems for Petrobras' Roncador field since 1999, and to date we have supplied all three existing subsea manifolds as well as related controls and equipment."

FMC Technologies' products have been present in the Brazilian oil industry since 1961, and the company's operations in Brazil have supplied subsea solutions to the region since 1978. With two facilities in Rio de Janeiro and one service base in Macae, FMC's capabilities in Brazil include local engineering, project management, manufacturing, integration testing, installation and customer support.

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