FMC Technologies, Inc. announced that it has signed an agreement with Statoil for the design and supply of subsea equipment to support its Snorre field, located in the North Sea. The award will result in approximately $40 million in revenue to FMC Technologies.

FMC's scope of supply includes 10 production risers, tieback connectors and installation tools. The equipment will be engineered and manufactured at FMC's facilities in Houston, Texas and Kongsberg, Norway. Deliveries are scheduled to commence in 2011.

"Statoil recently announced a modification program on the Snorre field that is designed to extend the field's productive life span through 2040," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "FMC has supported the Snorre development for more than 20 years, and we are pleased to continue assisting Statoil with their equipment needs."