FMC Technologies (FTI) Signs Subsea Systems Contract From Anadarko Petroleum (APC)
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FMC Technologies, Inc. (NYSE: FTI) signed an agreement with Anadarko Petroleum Corporation (NYSE: APC) to provide subsea systems and life-of-field services for its Lucius project.
The Lucius field is located approximately 275 miles southeast of Galveston in Keathley Canyon Block 875, in water depths of approximately 7,100 feet (2,160 meters). FMC's scope of supply includes five subsea production trees and two manifolds. The equipment will be supplied from the Company's operation in Houston and deliveries are expected to begin in the fourth quarter of 2012.
"Anadarko is the largest independent operator in the deepwater Gulf of Mexico," said John Gremp, FMC's Chairman, President and Chief Executive Officer. "We are pleased to continue supporting their projects as their preferred subsea systems supplier."
The Lucius field is located approximately 275 miles southeast of Galveston in Keathley Canyon Block 875, in water depths of approximately 7,100 feet (2,160 meters). FMC's scope of supply includes five subsea production trees and two manifolds. The equipment will be supplied from the Company's operation in Houston and deliveries are expected to begin in the fourth quarter of 2012.
"Anadarko is the largest independent operator in the deepwater Gulf of Mexico," said John Gremp, FMC's Chairman, President and Chief Executive Officer. "We are pleased to continue supporting their projects as their preferred subsea systems supplier."
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