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FMC Technologies signs $1.5B agreement with Petrobras for supply of pre-salt deepwater subsea tree equipment

FMC Technologies, Inc. has signed a four-year agreement with Petrobras for the supply of pre-salt subsea equipment. The total award would result in approximately $1.5 billion in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The initial call-off has an approximate value of $900 million in revenue to FMC and includes 78 subsea trees.

FMC’s 15K EVDT. Click to enlarge.

Subsea trees top underwater wellheads to control flow. FMC’s total scope of supply could include the delivery of up to 130 subsea trees, subsea multiplex controls and related tools and equipment. The tree systems are for use offshore Brazil in water depths up to 8,200 feet (2,500 meters).

The equipment will be engineered at FMC’s South American Technology Center and manufactured at FMC’s subsea facility, both of which are located in Rio de Janeiro, Brazil. The subsea trees will achieve 70% Brazilian local content and deliveries are scheduled to commence in 2014.

FMC recently introduced a 15,000 psi Enhanced Vertical Deepwater Tree (EVDT), which can handle 350 °F wellhead temperatures and 15,000 psi wellhead shut-in pressures.

Petrobras has awarded more than 500 subsea trees to FMC operations in Brazil over the past 30 years.


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