Back to top

Analyst Blog

Leading manufacturer and supplier of technology solutions, FMC Technologies Inc. (FTI - Analyst Report) has entered into a subsea systems deal with Europe’s largest oil company, Royal Dutch Shell plc (RDS.A - Analyst Report).

Per the contract, FMC Technologies will purvey seven subsea trees, two manifolds, related subsea control systems, tie-in connection systems, subsea distribution hardware and connected tooling and services for developing the Parque das Conchas (BC-10) Phase 3 project located offshore Brazil.

FMC Technologies discloses that BC-10 Phase 3 happens to be the original block’s second expansion, which is based at a water depth of roughly 5,000 to 6,500 feet.

FMC Technologies also received orders from Royal Dutch Shell in 2006 and 2010 for the development of Phase 1 and Phase 2 of the BC-10 project.  Following the award, FMC Technologies provided Royal Dutch Shell with subsea systems, separation and boosting modules.

Moreover, FMC Technologies supplied ground-breaking subsea gas and liquid separation and boosting system during the first phase of the BC-10 project. Additionally, the fields that were being developed during the Phase 1 came online in Jul 2009.

The current award represents FMC Technologies’ continuing support to Royal Dutch Shell for the development of the projects, offshore Brazil.

Particularly well positioned in the subsea systems market, FMC Technologies has successfully completed several projects with other big names such as Statoil ASA (STO - Analyst Report) and Petroleo Brasileiro S.A. or Petrobras (PBR - Analyst Report).  

However, FMC Technologies relies on its ability to develop and acquire essential products and technologies that drive its operational performance and growth. If its technologies and/or products become obsolete, or cannot be brought to the market in a timely and competitive manner, the company might face severe operational and financial dilemmas.

Houston, Texas-based FMC Technologies currently retains a Zacks Rank #3 (Hold), implying that it is expected to perform in line with the broader U.S. equity market over the next 1 to 3 months.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SUPER MICRO… SMCI 27.00 +10.25%
CANADIAN SO… CSIQ 38.34 +8.18%
BANCO DO BR… BDORY 16.78 +8.05%
CENTURY ALU… CENX 26.97 +7.97%
WILLDAN GRO… WLDN 11.38 +5.86%