FMC Technologies Inc. has inked a four-year, $40 million contract with Island Offshore for a second riserless light well intervention system.
The Houston-based energy technology company said the system would be used by Norway-based Statoil ASA in the Norwegian North Sea.
The contract calls for use of a new vessel, the Island Wellserver, and a new RLWI system to be built by FMC. The system and services will be provided through FMC's facilities in Kongsberg, Norway.
FMC Technologies expects operations to begin in the second quarter of 2008.
This is the second major contract for FMC Technologies in the past two days. (See "FMC Technologies inks subsea systems deal," houston.bizjournals.com/houston/stories/2007/06/25/daily14.html?surround=lfn).
Published June 28, 2007 by the Houston Business Journal
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