FMC Technologies Announces Subsea Services Frame Agreement with Petrobras

  FMC Technologies Announces Subsea Services Frame Agreement with Petrobras

PR Newswire

HOUSTON, April 15, 2013

HOUSTON, April 15, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI)
announced today that it has signed a four year frame agreement with Petrobras
(NYSE: PBR, PBRA) to provide subsea services for its fields offshore Brazil.

Under the terms of the agreement, FMC Technologies will provide equipment
commissioning and offshore technical services in addition to maintenance,
modification, storage and logistics for Petrobras' subsea fields.

"FMC Technologies has supported Petrobras' subsea development efforts for more
than three decades," said Tore Halvorsen, FMC Technologies' Senior Vice
President, Subsea Technologies. "This agreement will support new equipment
installations and provide life-of-field support for the more than 350 FMC
Technologies subsea trees and subsea manifolds currently in operation with
Petrobras in Brazil."

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 www.fmctechnologies.com.

This release contains "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995. Words such as "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 FMC Technologies' ability to successfully deliver, and Petrobras'
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 FMC Technologies' 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. FMC Technologies cautions you not to
place undue reliance on any forward-looking statements, which speak only as of
the date hereof. FMC Technologies 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.

(Logo: http://photos.prnewswire.com/prnh/20081222/LAM028LOGO)

SOURCE FMC Technologies, Inc.

Website: http://www.fmctechnologies.com
Contact: Investors, Bradley Alexander, (281) 260-3665, or Media, Lisa
Albiston, (281) 931-2513, or Patrick Kimball, (281) 405-6178
 
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