FMC Technologies Inc. signed a four-year agreement with Petrobras for the supply of pre-salt subsea equipment. The initial call-off has an approximate value of $900 million in revenue to FMC and includes 78 subsea trees. After all equipment is delivered the contract will be worth $1.5 billion.
FMC's total scope of supply could include the delivery of up to 130 subsea trees, subsea multiplex controls and related tools and equipment. The tree systems are for use offshore Brazil in water depths up to 8,200 ft (2,500 m).
The equipment will be engineered at FMC's South American Technology Center and manufactured at its subsea facility, both are in Rio de Janeiro, Brazil. The subsea trees will achieve 70% Brazilian local content and deliveries are scheduled to commence in 2014.