Presenter: Maryann Seaman Senior Vice President and Chief Financial Officer February 2012
An Oilfield Service and Equipment q p Company p y 4.1 billion revenue in 2010 13,500 3,500 e employees p oyees worldwide o d de 27 production facilities in 16 countries FORTUNE Magazine M i 2010 Worlds W ld Most Admired…
Subsea is 2/3 / of Total Revenue FMC Technologies Revenue Subsea Systems 2011 Estimated Subsea Revenue 3.3B Energy Production Energy Processing 5
Surface Wellhead and Energy gy Processing g FMC Technologies Revenue Surface Wellhead Fluid Control Surface Subsea Energy Systems Processing Measurement Solutions Energy Production Energy Processing Loading Systems 6
Market Leadership p in Subsea Systems y Market Share Order Value (2007 2010) Technical leadership GE 13% Systems approach Aker FMC 11% 46% Dril-Quip g Frame agreements 7% Cameron 23% Global capabilities Source:…
Increasing g Deepwater p Activity y Deepwater Production d BPDE) duction (thousand Greater percentage of oil production coming from deepwater Prod Positive economics for deepwater developments Deepwater Capex…
Tree Growth Consistent with Deepwater Expansion 900 Tree Awards 826 800 744 700 687 618 600 500 400 374 350 318 300 200 100 2009 2010 2011E 2012E 2013E 2014E 2015E Source: Quest Offshore Resources, Inc., November 2011…
Customer Subsea Tree Demand 525 Tree Awards (2012 -2016) 450 405 375 300 241 235 219 225 195 165 146 150 108 91 69 75 0 Source: Infield O Over h half lf off th the nextt 5 years awards d ffrom customers…
Subsea Processing g Separation Boosting Gas Compression 11
Growing g Opportunities pp for Subsea Processing g Tordis Cascade Perdido Enabler for Marlim Pazflor greenfields Enhanced Congro and Corvina recovery from brownfields BC-10 Cost reduction Greenfield Brownfield Cost…
Marlim Project: I Increasing i B Brownfield fi ld Oil Recovery R Project Operator: First deepwater subsea oil/water separation system Mature field (brownfield) with heavy oil and increasing water production Gas/oil/water/sand…
Congro and Corvina Project: Eli i ti Eliminating Need N d for f Topside T id Infrastructure I f t t Project Operator: Two subsea gas/liquid separation and boosting systems y Step towards Petrobras vision of minimizing offshore…
Subsea Services Performing services on aging wells typically requiring offshore rigs Cost for intervention services is 50% to 70% less than similar rig based operations Well positioned with 3 systems working for major operators in…
Acquiring Key Enabling Technologies CDS Separation Systems Compact in in-line line primary separation Schilling Robotics ROVs, manipulator systems, controls Direct Drive Systems High power, compact permanent magnet motors,…
FMC Strategy gy in Summary y Maximize Shareholder Value Through Earnings Growth Maintain subsea market share in a growing subsea market Expand subsea scope Subsea processing Subsea services Growth related to the shale markets…