Thursday, Dec 01, 2011
FMC Technologies, Inc (NYSE : FTI) announced today that its Australian subsidiary has signed an agreement with Chevron Australia Pty Ltd for the design, manufacture and supply of subsea production systems to support the Wheatstone Project. The contract has an approximate value of $325 million in revenue to FMC Technologies.
The Chevron-operated Wheatstone Project comprises the Wheatstone and Iago gas fields, located offshore Western Australia in water depths between 330 and 850 feet (100 to 260 meters). FMC’s scope of supply includes 11 subsea production trees, 11 wellheads, three manifolds, subsea and topside controls and well access systems. The equipment will be supplied from FMC’s Asia-Pacific operations, with deliveries scheduled to commence in 2013.
“We are pleased to supply Chevron with the subsea systems for Wheatstone, which will be one of Australia’s largest resource projects,” said Tore Halvorsen, FMC’s Senior Vice President, Global Subsea Production Systems. “FMC has a strong and established presence in Australia, and today’s announcement provides excellent opportunities for the Australian industry to participate in this project as primary and secondary suppliers, demonstrating our commitment and maintaining our subsea leadership position in the region.”