FMC Technologies Announces Sonatrach Project Cost Increase
2004-11-18
US-based FMC Technologies Inc. said on Wednesday (17 November) the pipeline installation phase of its offshore oil loading project for Sonatrach-TRC in Algeria was delayed by recent storms. The delay adds another $15m to the project's cost. FMC's management will monitor the situation and provide a project update at FMC's next scheduled quarterly conference call in January. (Reuters)
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