February 11, 2009 (FinancialWire) -- FMC Technologies, Inc. (NYSE: FTI) (Current Market Cap: US$3.64 Bil.) said that it has received an award from Petrobras (NYSE: PBR) to engineer and manufacture four subsea manifolds and controls for its Roncador Module III project. The contract is valued at approximately $75 million in revenue for FMC.

The project will also incorporate FMC's All-Electric technology in Brazilian waters. FMC's scope of supply consists of two, six-slot subsea manifolds to distribute gas lift injection to twelve wells. The manifolds will also contain twelve subsea control modules that will provide electro-hydraulic functions to operate the manifolds and subsea trees.

FMC said it will also supply two additional manifolds for water injection that will utilize the company's proprietary all-electric actuators for the operation of the chokes. The equipment will be engineered and manufactured at FMC Technologies' facility in Rio de Janeiro with deliveries expected to begin in 2010.

The company's products have been present in the Brazilian oil industry since 1961, and the company's operations in Brazil have supplied subsea solutions to the region since 1978. With two facilities in Rio de Janeiro and one service base in Macae, FMC's capabilities in Brazil include local engineering, project management, manufacturing, integration testing, installation and customer support.

Houston-based FMC Technologies designs, manufactures and services 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.

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