FMC Technologies to Support Jubilee Deepwater Development

HOUSTON, June 16 TX-FTI-JubileeDeepwat
HOUSTON, June 16 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it will support the Jubilee Integrated Project Team (IPT) - consisting of Kosmos Energy (technical operator), Anadarko Petroleum and Tullow Oil & Gas (unit operator) - with the design and manufacture of subsea production systems for use in the Jubilee deepwater development. The award is expected to result in $210 million in revenue to FMC Technologies.

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The Jubilee development is located in approximately 4,000 - 5,100 feet (1,200 - 1,500 meters) of water offshore Ghana, Africa. FMC's scope of supply will include 19 enhanced horizontal subsea trees, 5 production manifolds, 3 injection manifolds, a pair of riser bases and associated control systems for the project. Jubilee is a fast-track project which was initiated in 2008 and deliveries are scheduled to begin in three months. Equipment for this order is based on FMC's proven standard designs and will be supplied through the company's accelerated delivery program (Subsea OnDemand(TM)) to meet short lead-time requirements.

"FMC has a strong presence in West Africa," said John Gremp, Executive Vice President of FMC Technologies, "and we're pleased to support the Jubilee IPT in their fast-track development of this new subsea project in Ghana."

FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry and other industrial markets. The Company 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. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 10,400 employees and operates 19 manufacturing facilities in 14 countries. For more information visit www.fmctechnologies.com.

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and may be modified in subsequent quarterly reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.




SOURCE FMC Technologies, Inc.