TechnipFMC Awarded Significant Riserless Light Well Intervention (RLWI) Contract by Equinor
18 Mai 2023 - 10:15PM
Business Wire
TechnipFMC (NYSE: FTI) has been awarded a significant(1)
contract by Equinor to provide riserless light well intervention
(RLWI) services on the Norwegian Continental Shelf.
The two-year contract 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.
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.
This reduces cost and complexity, increases efficiency, and
accelerates the timeframe for increased production.
Jonathan Landes, President, Subsea at TechnipFMC, commented:
“TechnipFMC has been providing RLWI services to Equinor since 2006.
Over that period, the average duration of an intervention has been
reduced by nearly two-thirds thanks to improvements in process and
technology, aided by the collaborative relationship with Equinor’s
dedicated RLWI team. It is a pleasure to continue developing that
relationship as we help our client meet demand for energy.”
(1) For TechnipFMC, a “significant” contract is between $75
million and $250 million. This award will be included in inbound
orders in the second quarter of 2023.
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About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments — Subsea and Surface
Technologies — we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
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