LYCOS RETRIEVER 
Norsk Hydro Asa: Fmc Technologies
built 653 days ago
HOUSTON, July 7 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. (NYSE:FTI) announced today that its FMC Kongsberg Subsea AS subsidiary has signed a contract with Norsk Hydro ASA (NYSE:NHY) to supply subsea systems for the Oseberg Delta field in the North Sea. The contract is valued at approximately $25 million in revenue to FMC Technologies.
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"This contract award for the Oseberg Delta Field reflects our extensive experience as a subsea solutions provider in the North Sea, as well as the strength of our relationship with Norsk Hydro," said Peter D. Kinnear, Executive Vice President, FMC Technologies. "As a preferred supplier to Norsk Hydro, we are pleased to be chosen to provide equipment and systems that help them meet their challenges."
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Norsk Hydro today awarded a contract to FMC Kongsberg Subsea AS for engineering, procurement, construction and testing of the subsea production system, as well as options for further equipment deliveries. The contract - awarded on behalf of the Ormen Lange license group - is valued at approximately NOK 1 billion, excluding options.
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