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FMC Technologies to Provide Electric Subsea System for Statoil's Norne Field Improved Oil Recovery Project in the Norwegian Sea.

Publication: PR Newswire
Publication Date: 30-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HOUSTON, May 30 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. announced today that it has signed a contract with Statoil ASA to supply a subsea system (Template K) for Statoil's existing Norne Field project in the Norwegian Sea. The contract has a value of approximately $28 million in revenue to FMC Technologies.

The agreement is in conjunction with a new-build Norne Improved Oil Recovery (IOR) - Template K, which includes two subsea trees, a manifold, a template and two...

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