FMC Gets To Play In Brazil's Pool (FMC, PBR)

Brazil's Petrobras (NYSE: PBR) sits over an ocean of oil. When the company discovered its elephant find in the Tupi fields of the Santos Basin, Petrobras virtually grew Brazil's oil and gas reserves by nearly 50%. However, that oil is located approximately seven miles below the surface of the ocean. Extracting the ultra deep-water find will be an expensive proposition. Petrobras plans to spend more than $220 billion in the next four years to develop the offshore oil fields, as well as create new onshore refining facilities.

While Petrobras continues to be a great emerging markets story, investors wanting to play its salt fields may want to look at one of the key infrastructure suppliers instead. FMC Technologies (NYSE: FTI) continues to rack-up contracts with the Brazilian oil giant. This time, the company received a $125 million order to supply equipment for 32 subsea trees. Equipment deliveries are scheduled to begin in 2013. FMC has been a key supplier to Petrobras for decades and has delivered over 300 subsea trees for their projects in Brazil. The company has expanded facility expansions in Brazil to help support of Petrobras' offshore programs.

This key connection already existing between the two makes FMC an ideal way to play the continued growth in Brazil's offshore market.