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FMC Technologies Inc Receives $500 Million Subsea Tree Contract for Petrobras' Pre-Salt Fields


Wednesday, 3 Jul 2013 08:00am EDT 

FMC Technologies Inc announced that it has received an order from Petrobras (NYSE: PBR, PBRA), Brazil's national oil company, for the supply of subsea trees for its pre-salt fields, located offshore Brazil. The value of the award is estimated at $500 million and represents the call-off of the remaining value of the $1.5 billion agreement announced in March of 2012. The order includes 49 subsea trees, tooling, and associated subsea controls. The trees are scheduled to be installed in multiple pre-salt fields for both production and injection wells. The equipment will be designed and manufactured at FMC Technologies' facilities in Brazil. 

Company Quote

60.03
-0.75 -1.23%
22 Aug 2014