Houston, TX, June 20, 2006 - FMC Technologies (NYSE: FTI) announced today that it has been chosen by Chevron Frade LLC, a subsidiary of Chevron (NYSE: CVX) to supply subsea systems for its Frade project, offshore Brazil. The contract has a value of approximately $130 million in revenue to FMC Technologies.

FMC Technologies’ scope of supply for the Frade project includes 19 enhanced horizontal subsea trees (EHXT), wellheads, pipeline end manifolds with associated structures, production control systems and other related equipment.  Deliveries will be completed from FMC Technologies’ Rio de Janeiro facility.

The Frade discovery is located in the North Campos Basin, approximately 110 km off the Brazilian coast and 215 km North East of Macae at a water depth of approximately 4000 feet (1330 meters). 

 “We are pleased that FMC Technologies has been chosen for this important Brazilian project,” said Peter D. Kinnear, President and Chief Operating Officer, FMC Technologies. “This contract award demonstrates our leadership position as a provider of deepwater technology solutions.  The FMC Technologies’ enhanced horizontal subsea tree systems chosen for this project are among the most technically advanced oil and gas solutions in the world.”

For additional information about the Frade project, please visit www.fmctechnologies.com/frade.

 

FMC Technologies, Inc. (www.fmctechnologies.com) is a global leader providing mission-critical technology solutions for the energy, food processing and air transportation industries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products for its customers through its Energy Systems (comprising Energy Production Systems and Energy Processing Systems), FoodTech and Airport Systems businesses. FMC Technologies employs approximately 10,000 people and operates 32 manufacturing facilities in 17 countries.

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.  These risks and uncertainties are described under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2005 and may be modified in subsequent periodic reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company’s website.   The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.