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

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

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.