FMC Technologies, Inc.
1803 Gears Road
Houston, TX 77067
tel: (281) 591-4000
fax: (281) 591-4102
company website
1803 Gears Road
Houston, TX 77067
tel: (281) 591-4000
fax: (281) 591-4102
company website
Leading Global Provider of Technology Solutions for the Energy Industry
Our Company
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. Named by Forbes magazine as one of the World’s Most Innovative Companies in 2013, FMC has approximately 19,500 employees and operate 30 production facilities in 17 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products for the oil and gas industry, including subsea production and processing systems, surface wellhead, fluid control, marine loading systems, measurement solutions, separation systems and blending and transfer systems. The acquisitions of Schilling Robotics, LLC and Control Systems International, Inc., expanded our innovative solutions to include remotely operated vehicles (ROVs), ROV manipulator systems and control and automation systems. Our acquisition of Pure Energy Services Ltd. in 2012 added frac flowback and cased hole wireline services to our product and services portfolio. Our systems and products add value for our customers throughout the life of their fields, maximizing recovery rates and field investment dollars.
Our primary business is the development of subsea technologies that encompass a wide range of equipment and solutions necessary to operate offshore oil and gas fields. Headquartered in Houston, long known as the Energy Capital of the World, FMC Technologies’ people, technologies and performance have consistently set us apart from our peers, making us the industry leader by market share for subsea production equipment. We have a strong, global presence in all of the world’s major deepwater basins, including the Gulf of Mexico, the North Sea, offshore West Africa, offshore Brazil and the Asia-Pacific region.
Our Customers
The strength of our customer alliances is a significant asset to FMC Technologies and has resulted in many of our subsea awards with the world’s leading national and independent oil companies. In recent years, we have expanded our existing Gulf of Mexico alliance with Anadarko Petroleum Corporation into a global alliance, and we secured a global agreement with BP for subsea production systems that broadened our existing Gulf of Mexico and West Africa Block 18 contracts. We have also signed agreements with BP Norge as well as an exclusive global alliance with Shell.
The Gulf of Mexico has continually presented some of the world’s most promising and unique field discoveries. FMC Technologies has been at the forefront of providing innovative solutions for our customers in the Gulf for decades, including support of BP’s Thunder Horse, ExxonMobil’s Hadrian and Shell’s Perdido developments. The Perdido field is the location of the world’s current deepwater completion record, where an FMC Technologies subsea system was placed into production 9,627 feet below the surface.
In Africa, where most of the subsea projects are concentrated on the continent’s west coast, FMC Technologies has supported many of the region’s largest deepwater projects to date, including Pazflor, Egina and CLOV, operated by Total, and the Jubilee and TEN fields, operated by Tullow.
FMC Technologies also supports most of the active operators in the Asia-Pacific region offshore Australia, Indonesia and Malaysia. Our customers include Chevron, ConocoPhillips, Murphy, Shell and Woodside. Shell’s Prelude development project in this region is using revolutionary technologies jointly developed between Shell and FMC Technologies to access offshore gas fields that would otherwise be too costly or difficult to develop.
The North Sea has been the origin of many of our current technology successes. Tracing its roots to Statoil’s Tordis field, FMC Technologies has five subsea separation projects across the world where oil, gas, sand and water are separated at the seabed to reduce costs and allow operators to maximize production and investment. Similar innovations continue today with technologies, such as well intervention, that can increase oil recovery and systems designed to support arctic projects that have resulted in FMC Technologies being selected to provide subsea systems for Gazprom’s Kirinskoye field, Russia’s first subsea project.
Petrobras, the national oil company of Brazil, is the primary offshore operator in that country, where approximately 600 subsea wells are producing oil and gas. A majority of those wells include subsea production systems supplied by FMC Technologies, including Petrobras’ Marlim and Congro/Corvina fields. Our involvement in Brazil’s offshore projects also includes systems installed at Statoil’s Peregrino field and Shell’s Parque das Conchas. FMC Technologies is also supporting this high-growth region through the supply of subsea systems specifically designed to meet the needs of Brazil’s per-salt fields.
On shore, the strength of activity in shale and other unconventional formations has fundamentally changed the energy industry in North America. This has led to significant demand in FMC Technologies fluid control and service wellhead businesses for well service pumps, trees and manifolds to support hydraulic fracturing operations. Despite natural gas prices dropping, demand for FMC Technologies’ equipment and services to support horizontal drilling and fracturing operations remains strong due to our customers shifting resources to the production of oil and natural gas liquids. Internationally, horizontal drilling and hydraulic fracturing activities are emerging in Argentina, China, Poland and Saudi Arabia, and we are well positioned to support these regions with our proven equipment and services.
Our longstanding partnerships with all of our customers epitomize the depth and breadth of our experience and market leadership. Our alliances position us to receive additional project awards and often present opportunities to apply our new technologies.
Our Community
Across the globe, FMC Technologies actively seeks opportunities to enhance the communities in which we operate. We all benefit from engaging in our communities and providing the support needed to make a difference. We especially seek to promote the enrichment of young lives through improved education and opportunities to grow and develop. This is particularly true in the Houston area where we actively support mathematics and science programs at local elementary schools. We are also a strong supporter of Spindletop International, a nonprofit organization benefiting area youth charities. Since 2005, FMC Technologies has donated more than $270,000 to help sustain projects and programs that directly serve youth in need. Our support of education also extends to many of our Houston-area colleges and universities at which we sponsor a variety of projects that give students the opportunity to work on real-world scenarios with the guidance and expertise of FMC Technologies employees.
For more than two decades, FMC Technologies has supported the United Way of Greater Houston. We sponsor many fundraising events to promote awareness and increase participation among employees and the community. Because of these efforts, our program is one of the Top 10 fundraisers in the Houston area, raising more than $2 million in 2013. We also actively support the American Heart Association, both through direct donation and through participation in the annual Houston Heart Walk.
FMC Technologies encourages employees to participate in a number of other fundraising events, including the National Association for Mental Illness walk, the Shell Houston Open golf tournament, the BP MS150 Bike Tour and the Salvation Army Angel Tree, which provides holiday gifts to underprivileged youth and the elderly. As part of our commitment to be a good neighbor, we also offer two contribution programs for employees. The Matching Gift Plan matches employee contributions dollar-for-dollar, and Donations for Doers matches volunteer hours with financial contributions for eligible organizations.