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.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs