FMC Technologies Receives $1.2 Billion Subsea Equipment Order for Total's Egina Field

FMC Technologies, Inc. (NYSE: FTI) announces that it has received an order from Total Upstream Nigeria Ltd. for subsea equipment for the Egina field. The award has an estimated value of $1.2 billion.

The Egina field is located in Block OML 130 offshore Nigeria. FMC Technologies' scope of supply includes subsea trees and wellheads, manifolds, installation tooling, flowline connection systems, and associated control systems. The equipment is scheduled for delivery commencing in 2015.

"FMC Technologies is pleased to provide Total with the subsea systems required to develop the Egina field," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "This significant project will be the largest subsea project to date in West Africa and is supported by our local content strategy as well as by recent expansions to our facilities in Lagos and Onne."