FMC Energy and Halliburton Team Up To Provide Subsea Well Services

FMC Energy Systems has signed a cooperation agreement with Halliburton AS to provide a full range of light and medium well intervention services from floating vessels. This significantly enhances the subsea solutions offered by FMC Kongsberg Subsea AS, the company's Norway-based affiliate.

This cooperative agreement covers the Norwegian Continental Shelf and may be extended to other territories. This arrangement will be on a project-to- project basis and has an initial term of two years, with options for extension.

The agreement will maximize the use of both organizations' product and service portfolios to provide more cost efficient well operation and reservoir utilization for subsea operators. The agreement will draw on FMC Kongsberg Subsea's expertise in the design, development, manufacture and installation of subsea trees, tubing hangers and production control systems, together with its newly developed Riserless Light Well Intervention System.

The agreement also capitalizes on Halliburton's broad and proven capabilities of providing Well Intervention and related services. Working together, FMC Kongsberg Subsea and Halliburton intend to be industry-leading providers of light and medium well intervention services.

"Halliburton's product and service line fits well with FMC Energy Systems' strategy of providing total system solutions, which is designed to add value to its customers' operations," said Peter D. Kinnear, Vice President, FMC Energy Systems. "We believe our alliance with Halliburton will be particularly beneficial for our customers' mission-critical intervention and life-of-field operations of subsea wells."