Statoil awaits third LWI vessel for Norwegian continental shelf work
Statoil is set to implement its plans to enhance recovery using light well intervention (LWI) vessels.
STAVANGER, Norway – Statoil is set to implement its plans to enhance recovery using light well intervention (LWI) vessels. The Island Constructor is scheduled to begin work this month on the Norwegian continental shelf, and will be the third such vessel.
Statoil issued a new tender for LWI vessels in October, and the bids are due in later this month.
“We are tendering for a minimum of two such vessels and are open for long-term commitments. With 487 subsea wells on the NCS, it is evident that this is an important market segment for Statoil going forward,” says Terje Rognan, Statoil VP for drilling and well procurement.
“Performing conventional jobs of this kind for subsea developments in areas with low volumes of oil in place has been expensive,” says Øyvin Jensen, Statoil drilling and well technology operations manager.
“To address this, Statoil has put LWI vessels into service on a large scale. This is of high value to us, both in terms of efficiency and cost reduction.”
The Island Constructor. Photo courtesy Island Offshore.