HOUSTON -- FMC Technologies has signed a three-year contract with Island Offshore Management AS to supply a riserless light well intervention (RLWI) system for use by BP in the UK North Sea. The $25-million contract also contains options for two, one-year extensions.
The contract includes a new RLWI system to be manufactured at FMC's facilities in Kongsberg, Norway. It will be used by Island Offshore's new vessel, theIsland Constructor. The contract will begin in mid-2008.