FMC to Supply Riserless Light Well Intervention Service to Statoil

FMC Technologies has been awarded a contract from Island Offshore to provide a second Riserless Light Well Intervention (RLWI) system for use by Statoil in the Norwegian North Sea. Operations will commence in the second quarter of 2008. The four-year contract has a minimum value of approximately $40M to FMC Technologies.

The contract includes 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.

"RLWI is an important part of our subsea offering to increase oil recovery from subsea wells," said Tore Halvorsen, Senior Vice President, FMC Technologies. "We are pleased that our RLWI technology is supporting Statoil in achieving their targets of increased oil recovery."

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit