FMC Starts 2010 with Two New Contracts Awarded by Petrobras
Claudio Paschoa
September 27, 2010
FMC signs an $80 million subsea service contract with Petrobras in January and is awarded a $400 million contract for subsea trees in February.FMC Technologies signed a subsea service contract with Petrobras effective through 2012 and expected to result in an additional $80 million in revenue. FMC's scope of supply includes storage, maintenance, commissioning and offshore services for subsea and topside control systems and drill pipe riser systems. "FMC has a strong and longstanding relationship with Petrobras," said John Gremp, Executive Vice President of FMC Technologies. FMC Technologies has signed a four-year subsea tree frame agreement with Petrobras.