FMC Technologies (FTI -0.6%) receives what is likely to be a lucrative subsea contract from...

|About: FMC Technologies, Inc. (FTI)|By:, SA News Editor

FMC Technologies (FTI -0.6%) receives what is likely to be a lucrative subsea contract from Shell (RDS.A) for work at its Stones field project in the ultra-deepwater Walker Ridge area of the Gulf of Mexico. Shell is targeting peak output of 50K boe/day under the first phase of development at the field, which holds ~2B boe and is believed by tShell to have "significant upside potential."