$re = '/(?:^|\s)\d{2}([a-zA-Z]+)/m';
$str = '01FT108 - TMPRD OIL FLOW E944A" - FT
01FIT110 - FLUSH FROM E101 SHELL" - FIT
01FC111 - CUTTER FR P21/22 FLOW" - FC
01FC112 - P6A E946 HEADER FLOW " - FC
01FT113 - TMPRD OIL FLOW E946A" - FT
5 TAR LINE FLOW- 01FT005 - FT';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php