By OGJ editors
HOUSTON, June 15 -- FMC Technologies Inc. has signed an agreement with Petro-Canada for a subsea systems frame for developments off the East Coast of Canada.
The agreement is for 3 years, with an option to extend for 3 years. It commits FMC Technologies to supply subsea systems and equipment for the potential expansion of and new developments in Terra Nova oil field, 218 miles off Newfoundland and Labrador, and other potential developments in the area.
To date, one work order has been issued under the agreement for equipment totaling $8.7 million. FMC Technologies estimates revenue from this project will total $100 million over 3 years.
