FMC Technologies awarded $64 million contract from Pemex

1/27/2014

FMC Technologies awarded $64 million contract from Pemex

HOUSTON -- FMC Technologies announced that it has signed a 3 year contract with Pemex for the manufacture and supply of surface wellheads to support its drilling and well maintenance programs in the Gulf of Mexico. The award is expected to result in approximately $64 million in revenue to FMC if all of the equipments are ordered.

The agreement provides assurance that at least 40% of the contractual value will be ordered by Pemex during the 3 year call off period.

FMC’s scope of supply includes surface wellheads and production trees, as well as installation and supervision services for Pemex's operations in its Southwest Marine Region of the Gulf of Mexico. The equipment will be supplied from FMC Technologies' operations in Mexico.

"We appreciate the opportunity to extend our support of Pemex," said Johan Pfeiffer, FMC Technologies' Vice President, Surface Technologies. "FMC Technologies has historically played a significant role in Pemex's developments, and this new award expands that relationship."

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