FMC Technologies gets $73M StatoilHydro pact

Posted In: Energy

By The Associated Press

Monday, August 24, 2009

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Oil drilling equipment manufacturer FMC Technologies Inc. said Monday it received a $73 million contract from StatoilHydro ASA to manufacture subsea equipment for the Gullfaks oil and gas field in the Norwegian North Sea.

Deliveries will begin in the second quarter of 2010.

FMC will supply eight subsea production trees and equipment and systems to boost oil recovery.

FMC shares rose 73 cents to finish trading at $48.66.

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