HOUSTON, March 29, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a four-year agreement with Petrobras (NYSE: PBR, PBRA), Brazil's national oil company, for the supply of pre-salt subsea equipment. The total award would result in approximately $1.5 billion in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The initial call-off has an approximate value of $900 million in revenue to FMC and includes 78 subsea trees.
FMC Technologies Announces $1.5 Billion Pre-Salt Subsea Tree Agreement With Petrobras
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