FMC Technologies Inc. has signed a $70 million contract with Statoil to manufacture and supply subsea production equipment to support the Fram H-Nord development.
The Houston-based provider of technology solutions for the energy industry expects deliveries to occur through 2013, the company said in a March 20 statement. FMC will supply one subsea production tree, one manifold, one multiphase meter, an integrated template structure, one umbilical, two wellheads, and additional controls and equipment.
“Fram H-Nord is the sixth fast-track project that we have been awarded from Statoil in the past two years,” Tore Halvorsen, FMC’s senior vice president, Subsea Technologies, said in the statement. “We are pleased that Statoil continues to rely upon our experience and systems to support these projects and to increase oil recovery.”
The Fram H-Nord field is located in the Norwegian sector of the North Sea, with water depths of approximately 1,200 feet.
