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.
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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