FMC awarded 1.5 billion dollar subsea contract by Petrobras

FMC Technologies has signed a four year deal with Petrobras, which is potentially worth US$ 1.5 billion, to supply subsea equipment for it's pre-salt developments. The first order has an approximate value of US$ 900 million and will include 78 subsea trees, if the whole order is completed the order will total US$ 1.5 billion.

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 8200 ft (2500 m).

"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.” 

Adapted from press release by Peter Farrell

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/29032012/petrobras-awards-fmc-technologies-contract-for-subsea-trees/