FMC Technologies ( FTI) said Monday that it received a contract from Modec to supply turret mooring system for a floating, production, storage and offloading system for the Stybarrow field.

The contract is worth about $62 million.

The Stybarrow system will be operated by BHP Billiton and will be capable of receiving up to 80,000 barrels of oil per day and storing about 900,000 barrels of oil.

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