TechnipFMC has won a contract worth up to $250m from Equinor to provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf.
The two-year deal runs from 2024 to 2025, with options to extend for each of the three subsequent years.
TechnipFMC will provide production enhancement, production data, and pre-plug-and-abandonment services to Equinor using the RLWI method which the company has been providing to the Norwegian energy giant since 2006.
RLWI enables well interventions from a monohull vessel, eliminating the need for a riser and the rig required to connect the riser to the subsea well. Instead, remotely operated well control systems are used to facilitate operations on the seabed that are said to slash cost and complexity, increase efficiency, and accelerate the timeframe for increased production.
TechnipFMC launched an RLWI unit at the beginning of 2000. From 2005 through 2016, TechnipFMC, with alliance partner Island Offshore, completed over 400 successful well interventions. In 2017, TechnipFMC formed a joint venture, TIOS, with Island Offshore, and in July 2021, took over the company.
