FMC Technologies
NYSE : FTI

FMC Technologies

September 01, 2005 08:29 ET

FMC Technologies Chosen to Supply Subsea Systems for Total's Moho Bilondo Project, Offshore Congo, West Africa

HOUSTON--(CCNMatthews - Sep 1, 2005) -

FMC Technologies, Inc. (NYSE:FTI) announced today that it has been chosen to supply subsea systems for the Moho Bilondo project, offshore Congo, West Africa. The contracts with Total have a total value of approximately $115 million in revenue to FMC Technologies.

FMC Technologies' scope of supply for the Moho Bilondo project includes 12 subsea trees and associated structures, manifolds, production control and intervention systems. Deliveries are scheduled to commence in early 2007 and to be completed by the end of that year.

"We appreciate the opportunity afforded us by Total and the Republic of Congo to provide technologically advanced subsea systems for this challenging project," said Peter D. Kinnear, Executive Vice President - FMC Technologies. "This will be the first deepwater project in this area of West Africa."

The Moho Bilondo Field is approximately 50 miles (80 kilometers) off the Congolese coast, in water depths ranging from approximately 1,770 to 2,430 feet (540 to 740 meters). Total is the operator and 53.5 percent interest owner within the framework of a production sharing contract with the Republic of Congo which also includes Chevron (31.5 percent) and Societe Nationale des Petroles du Congo (15 percent).

FMC Technologies, Inc. (www.fmctechnologies.com) is a global leader providing mission-critical technology solutions for the energy, food processing and air transportation industries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products for its customers through its Energy Systems (comprising Energy Production Systems and Energy Processing Systems), FoodTech and Airport Systems businesses. FMC Technologies employs approximately 9,000 people and operates 31 manufacturing facilities in 16 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. Forward-looking statements are qualified in their entirety by the cautionary language set forth in the Company's filings with the Securities and Exchange Commission, including the risks and uncertainties described in the Cautionary Note Regarding Forward-Looking Statements in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2005. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.

Contact Information

  • FMC Technologies, Inc., Houston
    Media:
    Marvin Brown, 281-591-4212
    or
    Bruce Bullock, 281-591-4429
    or
    Investors:
    Maryann Seaman, 312-861-6414