FMC Tech awarded $340M subsea systems deal for Ghana project

FMC Technololgies (FTI -0.2%) wins a $340M contract to supply subsea systems to a major Tullow Oil development offshore Ghana.

FTI's scope of supply includes subsea trees, manifolds, tooling, associated subsea control systems and systems integration.

FTI has been operating in Ghana since 2008 and recently completed the assembly and testing of the first Ghanaian-built subsea trees at its support base in Takoradi.

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