FMC Technologies Awarded $30 Million Contract for Remotely Operated Vehicles (ROVs) from Tidewater Subsea

FMC Technologies will supply integrated Heavy Duty work-class ROV systems

HOUSTON, Dec. 4, 2013 -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Tidewater Subsea (Tidewater) to supply a fleet of six work-class ROV systems for its subsea operations business. The ROV systems will be supplied by FMC Technologies' Schilling Robotics business unit and are expected to be delivered before the end of 2013. The contract value is approximately $30 million in revenue.


FMC Technologies will supply integrated Heavy Duty work-class ROV systems, which will be mobilized onboard Tidewater's deepwater vessels to service the global oil and gas offshore construction and Inspection, Maintenance, and Repair (IMR) markets.

"FMC Technologies is very pleased to have been awarded this contract by Tidewater," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "These Heavy Duty work-class ROV systems will allow Tidewater to further expand its life of field service offering to the oil and gas market."

FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 19,000 employees and operates 30 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. For more information, visit www.fmctechnologies.com.

Featured Product

Mouser Offers Advanced, Integrated Circuit Simulation Tool for FREE Download.

Mouser Offers Advanced, Integrated Circuit Simulation Tool for FREE Download.

Powered by NI, MultiSIM BLUE Upgrade includes schematic capture, simulation, PCB layout, BOM-to-cart capabilities using only one tool. No more switching between different programs for circuit design. Perform MCU co-simulation. New voltage, current and power probes as well as faster active analysis mode are also available. Plus, it even comes with an expansive database of new components from industry-leading manufacturers. Discover why EDN named MultiSIM BLUE a HOT 100 Product of the Year.