FMC Technologies Awarded $393 Million Subsea Systems Contract for Eni's Block 15/06 East Hub Project Offshore Angola

HOUSTON, Dec. 18, 2014 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. The order has an estimated value of $393 million in revenue.

"We are pleased to have been awarded the subsea production systems contract for Eni's Block 15/06 project," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "We look forward to working with Eni on this offshore project."

Eni is the operator of Block 15/06, while Sonangol EP is the concessionaire. The other partners of the joint venture are Sonangol Pesquisa e Produção, SSI Fifteen Limited and Falcon Oil Holding Angola SA.

FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of technology solutions for the energy industry. Named by Forbes® Magazine as one of the World's Most Innovative Companies in 2013, the Company has approximately 20,100 employees and operates 30 production facilities in 17 countries. FMC Technologies 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. For more information, visit www.fmctechnologies.com.

This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995.  The word "estimated" and similar expressions are intended to identify forward-looking statements, which are generally not historical in nature.  Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. Known material factors that could cause our actual results to differ from those in the forward-looking statements include the Company's ability to successfully deliver, and Eni's acceptance of, the subsea products ordered. For additional information regarding known material factors that could cause actual results to differ from projected results, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2013, as well as its other filings with the Securities and Exchange Commission. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any of its forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise. 

Photo - http://photos.prnewswire.com/prnh/20081222/LAM028LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fmc-technologies-awarded-393-million-subsea-systems-contract-for-enis-block-1506-east-hub-project-offshore-angola-300012163.html

SOURCE FMC Technologies, Inc.

Copyright 2014 PR Newswire