NEWCASTLE & HOUSTON — TechnipFMC has been awarded a contract, worth between $75 million and $250 million, by Equinor to provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf.
The two-year contract runs from 2024 to 2025, with options to extend for each of the three subsequent years. TechnipFMC will provide production enhancement, production data and pre-plug-and-abandonment services to Equinor using the RLWI method.
TechnipFMC explained that RLWI enables well interventions from a monohull vessel, eliminating the need for a riser and the rig required to connect the riser to the subsea well. Instead, remotely operated well control systems are used to facilitate operations on the seabed. This reduces cost and complexity, increases efficiency and accelerates the timeframe for increased production.