Memorandum of Understanding signed
21. December 2010
| Editorial staff Ship&Offshore
The agreement includes the development of innovative and cost effective subsea production systems to address the challenges associated with Petrobras' pre-salt oil and gas fields. It also includes the design of subsea processing technologies that can increase recovery rates at Petrobras' maturing oil and gas fields. Both companies anticipate a portfolio of subsea solutions will result from this announcement.
FMC Technologies' presence in Brazil currently includes two manufacturing facilities in Rio de Janeiro and one service base in Macae. Construction of the Technology Center, announced in July of 2010, is expected to be completed in the first half of 2011.
