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USA: FMC Technologies Wins Subsea Systems Contract from LLOG – Who Dat project

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FMC Technologies, Inc. announced that it has signed an agreement with LLOG Exploration Company, LLC, for the design, manufacture and supply of subsea production systems to support its Who Dat project in the U.S. Gulf of Mexico. The award is valued at approximately $40 million in revenue to FMC.

FMC’s scope of supply includes seven subsea production trees and control systems. The equipment will be supplied from the Company’s operation in Houston and deliveries are expected to begin in 2012.

We have supported LLOG projects for many years, and since 2008, we have also had a formal alliance in place to support their Gulf of Mexico projects,” said John Gremp, FMC’s Chairman, President and Chief Executive Officer. “They have significant prospects and production in the Gulf, and we are pleased to be their subsea systems supplier.”

FMC Technologies, Inc. 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 2010, the Company has approximately 13,500 employees and operates 27 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.

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UK: Aker Solutions to Supply Subsea Modules for Western Isles Project

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Aker Solutions in Aberdeen that it has received an order to manufacture and deliver a number of subsea control modules and topside power units as part of an 12,6 million contract with Dana Petroleum plc.

The company has signed a contract for the project management, engineering, procurement and construction of a number of subsea systems for the Western Isles Development Project on the UK continental shelf. It marks the first contract agreement between the two companies.

A total of nine subsea control modules will be delivered by Aker Solutions’ Aberdeen facility. The full scope of work will also see one master control system, one electrical power unit, one hydraulic unit, one subsea isolation valve panel, two topside umbilical termination units, two subsea distribution units, five electrical distribution boxes and 11 mounting bases delivered.

The work will also include offshore installation and commissioning support of all subsea control system equipment and Aker Solutions expects final deliveries will be made in second quarter of 2011.

Paul Griffin, Dana Petroleum’s UK Managing Director said “This is an exciting time for Dana as we strive to grow our business in the UK and internationally. The Western Isles development is a significant project for us and we’re pleased to be working with Aker Solutions to bring the field online, with first production expected in late 2014.”

The Western Isles Development Project is located 500 kilometres north east of Aberdeen and comprises the Harris and Barra reservoirs.

“We are very pleased to be awarded this important contract with Dana Petroleum. Not only does this contract allow us to utilise the full strength of our subsea offering, it also reinforces our position as a leading name in the subsea technology sector. We look forward to building a relationship with this new customer,” said Alan Brunnen, EVP Subsea within Aker Solutions.

Aker Solutions’ contract party is Aker Subsea Ltd.

Aker Solutions is one of the largest employers in the north-east of Scotland, employing around 2,500 people at bases across Aberdeen City, Dyce and Portlethen.

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