Two companies are in line to receive up to $3.8 million in incentives over 10 years to create 123 jobs through the state's Quality Jobs Program.
Houston-based oil-field service and manufacturer FMC Technologies has qualified to receive up to $1.48 million in incentives to create 73 jobs at its Oklahoma City plant over 10 years.
FMC designs, manufacturers and services oil-field equipment such as surface wellheads and pressure fluid control equipment.
The company's Oklahoma City plant specializes in surface wellheads and began relocating employees there from Houston in 2012, FMC spokesman Patrick Kimball said.
The company plans to eventually have about 120 employees in Oklahoma City, including relocated jobs from Houston and the 73 positions it is creating, Kimball said.
The jobs mostly will be skilled positions relating to assembling and testing the oil-field equipment that FMC makes, he said.
Chicago-based Ambitech Engineering Corp. has qualified for up to $2.3 million in Quality Jobs funding for creating 50 jobs at its Tulsa plant.
Ambitech provides engineering, design construction management and other services to manufacturing companies.
The state Commerce Department screens companies that apply for Quality Jobs incentives. The program gives qualifying companies cash payments worth up to 5 percent of a company's new payroll. The payments are based on payroll numbers, and companies can receive payments for up to 10 years to assist with business expansion or to relocate to Oklahoma.
Most companies must achieve a taxable payroll of at least $2.5 million dollars for four consecutive quarters during the first four years of the program to receive the incentive money.
To qualify for Quality Jobs funding, a company must provide minimum health insurance coverage, and 80 percent of its employees must work at least 30 hours a week.
Oklahoma has inked more than 650 Quality Jobs incentive deals since the program began in 1993. The state has paid out more than $725 million in performance-based wage rebates since the incentive program began.