Seeking Alpha

FMC Tech wins $650M contract for Petrobras' pre-salt fields

  • FMC Technologies (FTI) wins an order with Petrobras (PBR) to deliver 16 subsea manifolds for the Brazilian company’s pre-salt fields, which FMC expects to result in ~$650M in revenues.
  • The deal marks FMC’s fourth such award for PBR's pre-salt fields following the delivery of three identical manifolds earlier this year, having invested in Brazilian operations to meet local content demands.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|