FMC Technologies Awarded $393 M Subsea Systems Contract

For Eni's Block 15-06 East Hub Project Offshore Angola

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.

Source: FMC Technologies, Inc.
Date: Dec 18, 2014