FMC Gets BP Deal

The subsea supply pact covers Thunder Horse.
Author:
Publish date:

Machinery manufacturer

FMC Technologies

(FTI) - Get Report

said Thursday that it entered into a new frame agreement with

BP

for the supply of subsea systems and related services for the Na Kika, Thunder Horse and Atlantis developments in the Gulf of Mexico. Both have been working together under a previous frame agreement covering Gulf of Mexico projects since 2001. The new agreement covers a period of up to 10 years, the Houston-based company said.

The contract calls for FMC to provide subsea trees, controls, manifolds, and well connection systems, it added.

"We are pleased to have renewed our frame agreement," the company said. "We have worked closely with BP over the last five years and we look forward to continuing to support BP on their deepwater activities in the Gulf of Mexico."

This story was created through a joint venture between TheStreet.com and IRIS.