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.

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