FMC Technologies Announces Subsea Operations Services Agreement with Statoil

 FMC Technologies Announces Subsea Operations Services Agreement with Statoil

PR Newswire

HOUSTON, March 26, 2013

HOUSTON, March 26, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI)
announced today that it has signed a renewed Framework Agreement with Statoil
(NYSE: STO) to provide subsea operations services for its developments on the
Norwegian Continental Shelf. The duration of the agreement is five years with
options for three additional three-year extensions.

Under the terms of the agreement, previously announced by Statoil, FMC
Technologies will continue to provide installation services, asset management,
equipment intervention and well access services.

"FMC Technologies has supported Statoil's subsea development efforts for more
than two decades," said Tore Halvorsen, FMC Technologies' Senior Vice
President, Subsea Technologies. "This agreement will provide continued
life-of-field support for many of Statoil's developments."

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 18,400 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

This release contains "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995. The word "estimated" and similar
expressions are intended to identify forward-looking statements, which are
generally not historical in nature. Such forward-looking statements involve
significant risks, uncertainties and assumptions that could cause actual
results to differ materially from our historical experience and our present
expectations or projections. Known material factors that could cause our
actual results to differ from those in the forward-looking statements include
the Company's ability to successfully deliver, and Statoil's acceptance of,
the subsea services ordered. For additional information regarding known
material factors that could cause actual results to differ from projected
results, please see the Company's Annual Report on Form 10-K for the year
ended December 31, 2012, as well as its other filings with the Securities and
Exchange Commission. The Company cautions you not to place undue reliance on
any forward-looking statements, which speak only as of the date hereof. The
Company undertakes no obligation to publicly update or revise any of its
forward-looking statements after the date they are made, whether as a result
of new information, future events or otherwise.


SOURCE FMC Technologies, Inc.

Contact: Investors, Bradley Alexander, (281) 260-3665, or Media, Lisa
Albiston, (281) 931-2513, or Patrick Kimball, (281) 405-6178
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