FMC Technologies, (NYSE: FTI) announced today that it has received an order from Star Deep Water Petroleum Limited (a Chevron company), operator of the Agbami field, to provide subsea equipment for operations in the Agbami field, offshore Nigeria.
The Agbami field is located 70 nautical miles (113 km) off the coast of the central Niger Delta region, at a water depth of approximately 4,800 feet (1,463 m). The parties in the Agbami field include Famfa Oil Limited, Star Deep Water Petroleum Limited, Petroleo Brasileiro Nigeria Limited (Petrobras), Statoil Nigeria Limited (Statoil), and Nigerian National Petroleum Corporation (NNPC).
"FMC Technologies has supported the Agbami field development for several years," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "This subsea equipment will provide additional production and help extend the life of this deepwater development."
Key data points: The growth forecast = 5.0% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in tight gas market to 2031 by type (processed tight gas and unprocessed tight gas), application (residential, commercial, industrial production, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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