Oil and gas company Equinor has awarded a contract to TechnipFMC for riser less light well intervention (RLWI) services on the Norwegian Continental Shelf.
The two-year contract spans 2024-25 and can be extended for three additional years.
With the RLWI technique, TechnipFMC will offer production enhancement, production data, and pre-plug and abandonment services to Equinor.
TechnipFMC explained that RLWI allows interventions on subsea wells using a monohull vessel, eliminating the need for a riser and a rig.
Remotely operated well control systems are used for seabed operations, resulting in cost reduction, simplified processes, improved efficiency, and faster production increase, it added.
TechnipFMC Subsea President, Jonathan Landes said: “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.”
This contract was rated as ‘significant’ by TechnipFMC, which means it is worth $75m to $250m.
Last week, Equinor selected TechnipFMC to offer integrated engineering, procurement, construction and installation (EPCI) for subsea umbilicals, risers and flowlines in the Campos Basin, off Brazil. The EPCI contract is part of the $9bn BM-C-33 project.
As the operator, Equinor controls a 35% stake in the BM-C-33 project. Its partners Repsol Sinopec Brasil and Petrobras hold 35% and 30% stakes, respectively.