HOUSTON, June 1 /CNW/ - FMC Technologies, Inc. (NYSE: FTI) announced today
that its Mexican wholly owned subsidiary, FMC Technologies de Mexico, S.A. de
C.V ("FMC Technologies"), has signed a contract with Pemex-Exploracion y
Produccion to provide subsea completion services for the Cantarell project,
located off the coast of the Yucatan Peninsula in the Bay of Campeche, Mexico.
The contract was awarded through public tender and has a value of
approximately $29 million in revenue to FMC Technologies.
FMC Technologies scope of supply for the project includes 10 shallow
water trees, including umbilicals and surface control systems. Deliveries are
scheduled to begin in June of 2007.
"We are pleased that Pemex has selected FMC Technologies for this
project," said John Gremp, Executive Vice President, FMC Technologies. "We
appreciate the opportunity to work closely with Pemex in developing their
expertise in subsea technology."
The Cantarell Field, located in 150 feet of water, is the largest oil
field in Mexico. It is comprised of four major fields: Akal, Nohoch, Chac and
FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of
technology solutions for the energy industry and other industrial markets. The
Company designs, manufactures and services technologically sophisticated
systems and products such as subsea production and processing systems, surface
wellhead systems, high pressure fluid control equipment, measurement
solutions, and marine loading systems for the oil and gas industry. The
Company also produces food processing equipment for the food industry and
specialized equipment to service the aviation industry. Twice named as the
Most Admired Oil and Gas, Equipment Service Company by FORTUNE magazine, FMC
Technologies employs approximately 11,000 people and operates 33 manufacturing
facilities in 19 countries.
This release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
are information of a non-historical nature and are subject to risks and
uncertainties that are beyond the Company's ability to control. These risks
and uncertainties are described under the caption "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended December 31, 2006 and
may be modified in subsequent quarterly reports filed by the Company with the
Securities and Exchange Commission that may be accessed on the Company's
website. The Company cautions shareholders and prospective investors that
actual results may differ materially from those indicated by the
For further information:
For further information: FMC Technologies, Inc. Investors: Maryann
Seaman, 281-591-4080 or Media: Ellen Bates, 281-591-4000