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FMC Technologies Awarded Contract for Oil and Gas Industry's First 20,000 PSI Subsea Wellhead System

Posted on: Thursday, 12 March 2009, 15:00 CDT

HOUSTON, March 12 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. (NYSE: FTI) has signed a contract for the manufacture and supply of FMC's proprietary HC-20 high capacity subsea wellhead system, the oil and gas industry's first subsea wellhead system to be rated and qualified at 20,000 pounds per square inch (psi).

(Logo: http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO)

In addition to operating at pressures as high as 20,000 psi, the equipment is engineered to perform at temperatures as high as 350 degrees Fahrenheit. The HC-20 enables the development of high-pressure wells and its enhanced load bearing capacity, in excess of nine million pounds, allows operators to drill deeper wells with heavier casing strings. FMC's HC-20 subsea wellhead system also incorporates a unique independent load distribution mechanism to support up to four million pounds of combined casing string capacity plus full 20,000 psi blowout preventer test pressure.

The HC-20 system is scheduled to be delivered to Anadarko Petroleum Corporation in the fourth quarter of 2009 and will be manufactured at FMC's facility in Houston.

"As customer projects encounter greater water depths, higher pressures and higher temperatures, FMC will continue to engineer the innovative and industry leading technologies they require," said John Gremp, Executive Vice President of FMC Technologies.

FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of technology solutions for the energy industry. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 9,800 employees and operates 19 manufacturing facilities in 14 countries. For more information visit www.fmctechnologies.com.

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and may be modified in subsequent quarterly reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.

SOURCE FMC Technologies, Inc.

Source: PR Newswire

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