FMC Technologies Awarded $45 Million Contract for StatoilHydros Heidrun North Project

FMC Technologies, Inc. announced that it has been awarded a contract from StatoilHydro for the manufacture and supply of additional subsea equipment for its Heidrun North project, located in the Norwegian Sea. This contract, valued at approximately $45 million in revenue, is a call-off from a previously announced frame agreement signed in 2007 with FMC Technologies.

FMC’s scope of supply includes three subsea production trees and two water injection trees to increase oil recovery (IOR) at the Heidrun North field. FMC will also supply 10 tubing hangers, six control systems and three flow control modules. All equipment will be manufactured at FMC’s Kongsberg, Norway and Dunfermline, Scotland facilities with deliveries scheduled to occur during 2010.

“We have a strong relationship with StatoilHydro, including joint efforts to develop IOR technology,” said Tore Halvorsen, FMC’s Senior Vice President of Global Subsea Production Systems. “Heidrun was StatoilHydro’s first field to utilize our water injection technologies and we are proud to be a part of their IOR initiatives.”

FMC Technologies, Inc. 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 10,000 employees and operates 23 manufacturing facilities in 19 countries. For more information visit www.fmctechnologies.com.