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FMC Technologies receives subsea equipment order for CNR International's Baobab field phase 3

Friday, Jan 11, 2013

HOUSTON, Jan. 10, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from CNR International Ltd. (NYSE: CNQ) for subsea equipment for the Baobab field.

The Baobab field is located in Block CI-40 West Africa approximately 16 miles (25 kilometers) offshore from the Ivory Coast. FMC Technologies' scope of supply includes six subsea trees, eight wellheads, three manifolds, and a Subsea Control System including subsea distribution systems and associated topside control systems. The equipment is scheduled for delivery in 2014.

"FMC Technologies is pleased to support CNR International in its ongoing development of the Baobab field," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "This subsea production system provides CNR International with the subsea technologies needed to enable further development of the field."

CNR International is the operator in the CI-40 block and is partnered with Svenska Petroleum and Petroci, the Ivorian National Oil Company.

FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 16,800 employees and operates 30 production facilities in 16 countries. FMC Technologies 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. For more information, visit www.fmctechnologies.com .

SOURCE FMC Technologies, Inc.

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