Island Offshore extends FMC contracts for North Sea LWI

FMC Technologies Inc. (NYSE:FTI) has signed two five-year contracts with Island Offshore Management AS to supply light well intervention (LWI) services for Statoil in the North Sea.
May 23, 2012

Offshore staff

HOUSTON–  FMC Technologies Inc. (NYSE:FTI) has signed two five-year contracts with Island Offshore Management AS to supply light well intervention (LWI) services for Statoil in the North Sea. The agreement is contingent on approval from Statoil’s partners, and each contract has two, two-year extensions.

The contracts will take force when the existing LWI contracts between the companies expire in 2015. The well intervention activities will be conducted from two Island Offshore vessels, theIsland Frontier the Island Wellserver.

5/23/2012

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