PRESS RELEASE–HOUSTON, May 12– FMC Technologies, Inc. announced today that it has signed an agreement with Statoil ASA to supply subsea production systems for Statoil’s Norne Satellites (Staer and Svale) project in the North Sea. The contract value is approximately $79 million in revenues.

The agreement includes eight subsea trees, manifolds, production controls and associated systems. An additional contract will include technical services related to installation and startup. The Norne satellites will be tied back to Statoil’s Norne production vessel, and oil production is anticipated to begin by late 2005.

Production began from the Norne field in 1997. The field is located approximately 125 miles (200 kilometers) off the Norwegian coast in approximately 1,250 feet (380 meters) of water depth.

"We are pleased to be chosen by Statoil to supply the subsea systems for the Norne satellites project," said Peter D. Kinnear, Executive Vice President — FMC Technologies. "This reflects our extensive experience as a subsea solutions provider in the North Sea as well as the strength of our relationship with Statoil."

FMC Technologies, Inc. is a global leader providing mission-critical technology solutions for the energy, food processing and air transportation industries. The Company 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 8,600 people and operates 32 manufacturing facilities in 16 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. Forward- looking statements are qualified in their entirety by the cautionary language set forth in the Company’s filings with the Securities and Exchange Commission, including the risks and uncertainties described 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 2003 Annual Report on Form 10-K. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.