Tree Systems News

Houston - FMC Technologies Inc. announced that it has signed a four-year agreement with Petrobras, Brazil’s national oil company, for the supply of pre-salt subsea equipment. The total award would result in approximately $1.5 billion in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The initial call-off has an approximate value of $900 million in revenue to FMC and includes 78 subsea trees. FMC’s total scope of supply could include the delivery of up to 130 subsea trees, subsea multiplex controls and related tools and equipment. The tree systems are for use in offshore Brazil in water depths up to 8,200 feet (2,500 meters).

GE Oil & Gas has launched the new VetcoGray S-Series SVXT subsea tree at the Offshore Europe Oil & Gas Conference and Exhibition, being held from 8-11 September 2009 in Aberdeen, Scotland. The new VetcoGray S-Series SVXT subsea tree merges horizontal and vertical tree technology, reducing weight by 20%, decreasing height, and also delivering essential functionality in a pre-engineered, pre-configured 'modular' way. Low-cost installation of the new SVXT is achieved through a design that enables deployment using standard offshore jack-up drilling rigs without the need for major modifications.

Cameron won a $110m contract to provide 13 subsea trees, manifolds and related equipment for BHP Billiton's Pyrenees project offshore Northwest Australia. Cameron will provide engineering and project management services, 13 wellhead and subsea tree systems, control systems, several subsea manifolds and the associated flowline connection system, chokes and related equipment. Initial equipment delivery and installation is scheduled for the fourth quarter of 2008, with additional deliveries of trees, manifolds and associated equipment to continue through 2010. In addition, further expansion of the Pyrenees field beyond the initial 13 wells is expected in the future.