FMC Technologies, Inc. has been engaged by Algerian oil and gas company Sonatrach-TRC for the development of five offshore loading stations for transportation of crude oil and condensate from onshore facilities. The project is anticipated to be completed in 2004.
The total project scope, valued at approximately $240 million, includes the supply of five SOFEC(TM) CALM (catenary anchor leg mooring) type buoys for export terminals with associated PLEM (Pipeline End Manifolds), as well as onshore and offshore pipelines and onshore facilities, including metering and pumping stations.
FMC Technologies plans to subcontract the pipeline design, supply and installation and the onshore facilities to OPE of Houston, Texas. The estimated value of the OPE package is approximately $120 million, making the resulting estimated value of the project to FMC Technologies approximately $120 million.
"We are pleased that FMC Technologies has been selected to supply this oil offloading project for Sonatrach-TRC," said Peter Kinnear, FMC Energy Systems vice president. "This is an important infrastructure project in Algeria, and we are proud to play a role in its development."
FMC Technologies, Inc. provides mission-critical technology solutions for the energy, food processing and air transportation industries. The Company designs, manufactures and services technologically sophisticated systems and products for its customers through its FMC Energy Systems (comprising Energy Production and Energy Processing), FMC FoodTech and FMC Airport Systems businesses. FMC Technologies employs approximately 8,500 people at 35 manufacturing facilities in 16 countries. — (menareport.com)
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