Total Awards $80 Million Subsea Production System Option 3 of Girassol Resource Initiative to FMC Technologies
2011.01.19 -
Contracts
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement (Option 3 - Girassol Infills) with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment to support the Girassol Resource Initiative (GirRI) project. The award has a value of approximately $80 million in revenue to FMC Technologies. The GirRI project has now reached a cumulative value of approximately $180 million in revenue to FMC.
Equipment supplied under Option 3 will support the Girassol field, located offshore Angola in the Gulf of Guinea. FMC's scope of supply includes the manufacture of three subsea production trees, six wellheads and assorted flowbase and jumper equipment. Deliveries are scheduled to commence in the fourth quarter of 2011.
"FMC has enjoyed a strong and productive relationship with Total, especially with their offshore projects in West Africa," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "We are pleased to continue our support of the Girassol field and their other Block 17 projects, including CLOV, Rosa and Pazflor."
Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.
ClampOn has been awarded a contract for delivery of five subsea ClampOn DSP Leak Monitors to the Tampen Link project in the Norwegian sector in the North Sea (Sept 07). ClampOn will supply its ultrasonic non-intrusive acoustic Leak Monitors to Technip Norge AS on behalf of Statoil. The Leak Monitors will be retrofitted on two 20” gas valves on the seabed to verify/disprove through-valve gas leakage. These valves are currently open and they will be shut to close off the bypass alternative.
Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Velosi Limited Velosi or the Group, a provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been re-awarded a contract from Mobil Producing Nigeria, for the next three years with an option to extend for a further one year.
Fugro has been awarded a contract to perform a detailed marine survey in the Mediterranean Sea to select the best route for the GALSI gas pipeline from Algeria to Southern Sardinia and then from Northern Sardinia to the mainland of Italy. The contract value is approximately EUR 18 million.
