By Houston Business Journal

FMC Technologies Inc. is building a new technology center in Rio de Janeiro, Brazil.

The Houston-based energy technology company has signed an agreement with the Federal University of Rio de Janeiro, where the new center will be located.

The universityâ¿¿s Technology Park has been designated as the hub for Brazilâ¿¿s future oil and gas technology developments, according to FMC (NYSE: FTI).

Construction of the new facility begins this month. It should be completed sometime in the first half of 2011.

The building will contain engineering offices, technical training and design areas, research and development laboratories, and the capability for full-scale prototype integration and testing of subsea systems.

⿿This contract provides FMC an expanded presence in Brazil and the ability to play a significant role in the development of technologies for Brazil⿿s deepwater and pre-salt environments,⿝ said John Gremp, FMC⿿s president and chief operating officer, in a prepared statement.

FMC Technologiesâ¿¿ presence in Brazil dates back to 1956 and currently includes two manufacturing facilities in Rio de Janeiro and one service base in Macae.

The company over the past year has won several contracts with Brazilian national oil company Petrobras.

Copyright 2010 American City Business Journals
Copyright 2010