FMC Technologies Receives $125M Order From Petrobras

FMC Technologies FTI announced today that it has received a $125 million order from Petrobras PBR, Brazil's national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame agreement that was announced in February of 2010. Equipment deliveries are scheduled to begin in 2013.