Offshore staff

OSLO, Norway – Island Offshore has awarded Aker Well Service two contracts to supply well intervention services for Statoil in the North Sea.

Aker will deliver downhole well intervention services from Island Offshore’s two riserless well intervention vesselsIsland Frontier and Island Wellserver. Operations will include running of mechanical wireline, electrical wireline, and wireline tractor services.

Both contracts run for five years with two optional two-year extensions.

Total revenue to Aker should reach NOK 400-500 million ($66-82 million) during the firm five-year period.

6/8/2012