UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
FORM 8-K

 
CURRENT REPORT
 
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)
April 29, 2005

 
FMC TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

 
 	 	 	 	 	
Delaware	 	1-16489	 	36-4412642	
(State or other jurisdiction
of incorporation)	 	(Commission File Number)	 	(I.R.S. Employer
Identification No.)	
 
1803 Gears Road, Houston, TX 77067
(Address of principal executive offices) (Zip Code)
 
(281) 591-4000
Registrant’s telephone number, including area code

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

Section 7 – Regulation FD
 
Item 7.01. Regulation FD Disclosure
 
On April 29, 2005, FMC Technologies, Inc. issued a press release announcing an update to the total project costs for its offshore oil loading project in Algeria for Sonatrach-TRC, the Algerian Oil and Gas Company. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
 
Section 9 – Financial Statements and Exhibits
 
Item 9.01. Financial Statements and Exhibits
 
(c) Exhibits:
 
 	99.1	Press release issued by FMC Technologies, Inc. dated April 29, 2005	

SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

FMC TECHNOLOGIES, INC.	
 	 	
By:	 	/s/ William H. Schumann, III

	
 	 	William H. Schumann, III	
 	 	Senior Vice President and Chief Financial Officer	
 
Date: April 29, 2005

Exhibit 99.1

       News Release	  	FMC Technologies Inc	
 	  	1803 Gears Road	
 	  	Houston, TX 77067	

 
 	 	 	
Release	  	Immediate	
 	 	
Contact	  	Media: Marvin Brown (281) 591-4212 or Bruce Bullock (281) 591-4429
Investors: Maryann Seaman (312) 861-6414	
 
FMC Technologies Announces Update to Sonatrach Project
 
HOUSTON, April 29, 2005 – FMC Technologies, Inc. (NYSE: FTI) announced today that its FMC SOFEC Floating Systems subsidiary will report increased losses on its Sonatrach project, the offshore oil loading project in Algeria for Sonatrach-TRC, the Algerian Oil and Gas Company. The additional cost increase is approximately $9 million, or $0.08 per diluted share. This increase will bring the total loss on the contract, recorded in the first quarter of 2005, to approximately $27 million.
 
As previously announced, losses of $18 million were expected in the first quarter due to increased costs from extended testing and installation, largely related to the offshore work of the project, and cost increases for engineering design changes to the three onshore pump stations and for project engineering and management. This additional $9 million reflects higher costs for offshore pipeline installation, due in part to weather delays, and higher onshore pump station construction costs as well as a reexamination of total project costs.
 
“We are clearly disappointed with the cost increases we continue to experience on this project,” said Peter D. Kinnear, Executive Vice President – FMC Technologies. “We expect to be ready for customer acceptance testing on June 30, 2005, at the Bejaia station, on July 31, 2005, at the Arzew station and on August 31, 2005, at the Skikda station. We continue to estimate project completion by the end of the third quarter of 2005.”
 
These estimates of total project costs reflect management’s best estimates. There may be additional losses identified as the project proceeds toward its commissioning.
 
# # #
 
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 9,000 people and operates 31 manufacturing facilities in 16 countries.

FMC Technologies Announces Update on Sonatrach Project - 2
 
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 2004 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.