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FMC Technologies Signs Global Alliance Agreement With Anadarko Petroleum Corporation

Stocks in this article: APCFTI









HOUSTON, Dec. 1, 2011 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a global alliance agreement with Anadarko Petroleum Corporation (NYSE: APC) to provide subsea systems and life-of-field services for their worldwide subsea development projects.

In 1999, FMC supplied equipment for Anadarko's first subsea project, North Garnet, in the Gulf of Mexico. Since then, the companies have collaborated on other projects including Independence Hub, the largest natural gas processing facility in the Gulf, and FMC has also supplied Anadarko with the industry's first subsea wellhead qualified at a pressure rating of 20,000 psi.

"An alliance has been in place with Anadarko and its legacy companies since 1992 to support their Gulf of Mexico exploration and production projects," said John Gremp, FMC Technologies' Chairman, President and Chief Executive Officer. "Today's announcement will allow FMC to broaden its support of Anadarko's expanding exploration and production activities worldwide, including recent discoveries offshore the East and West coasts of Africa.  Anadarko has an extensive deepwater program, and we are pleased to strengthen our relationship through this global alliance."

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 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. For more information, visit www.fmctechnologies.com .

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, and may be modified in subsequent quarterly reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.

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

SOURCE FMC Technologies, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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