Houston, Texas, July 07, 2008 -

FMC Technologies, Inc. (NYSE:FTI) announced today that it signed a contract with StatoilHydro for the manufacture and supply of subsea equipment to support oil and gas production at StatoilHydro’s Åsgard development, located in the Norwegian Sea. The contract is valued at approximately $45 million in revenue.

FMC’s scope of supply includes four horizontal subsea trees, wellhead systems and extended tubing hangers as well as flow control modules, multi-phase flow meters and permanent guide bases. The equipment will be manufactured at FMC’s Kongsberg, Norway and Dunfermline, Scotland operations with deliveries expected to commence this summer.

“We have manufactured more than 50 trees that have been deployed at the Åsgard field and are also in the process of supplying subsea gas compression control systems for the Åsgard development,” said Tore Halvorsen, FMC’s Senior Vice President of Global Subsea Production Systems. “Today’s announcement strengthens our existing relationship with StatoilHydro and we welcome the opportunity to supply additional equipment for this project.”
 

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FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry and other industrial markets. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. The Company also produces food processing equipment for the food industry and specialized equipment to service the aviation industry. Named by FORTUNE Magazine as America’s Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies employs approximately 13,000 people and operates 33 manufacturing facilities in 19 countries.  For more information visit www.fmctechnologies.com.

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. Forward-looking statements are qualified in their entirety by the cautionary language set forth in the Cautionary Note Regarding Forward-Looking Statements in Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Annual Report on Form 10-K for the year ended December 31, 2006. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.