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Contract Awards: Island Offshore has been awarded an LWI contract

Posted on 03.06.2011 - 09:00 EDT in CONTRACT AWARDS by Rons_ROV_Links

Island Offshore has been awarded an LWI contractIsland Offshore and the North Sea RLWI Alliance have been awarded a Frame Agreement for Light Well Intervention services from Statoil. The Frame Agreement duration is 3 years + 1 year option. The first Purchase Order issued under the Agreement has a value of over 300 million NOK.

Island Constructor, which started operation in 2009, will be utilized. The Unit is designed to operate in water depths of up to 600 meters, and is currently operating in the North Sea (both NCS and UKCS).

island_constructor_5The North Sea Alliance was formed in 2004 to provide integrated wireline services to the growing subsea intervention market. The Alliance currently operates 3 monohull vessels specifically designed for intervention tasks. Approximately 50 well interventions are performed each year, providing services such as scale milling, gauging and logging operations, plug setting and re-perforating requirements. Island Offshore is furthermore providing services such as engineering in conjunction with the intervention activities also including tree on wire operations. Island Offshore and the North Sea RLWI Alliance are currently the world leading RLWI provider and have to date done close to 150 well interventions.

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