HOUSTON – Statoil has contracted FMC Technologies to supply a workover system for a program of wells on the Statfjord field in the Norwegian North Sea. The contract value is around $70 million.
The equipment will be used to perform interventions on subsea wells to improve their performance and enhance oil recovery. It will be the first standardized workover system that FMC has supplied to Statoil.
"This workover system is designed to support Statoil's rig scheduling program and its standardized subsea equipment," said Tore Halvorsen, FMC's senior vice president of global subsea production systems. "As a result, rig time can be more efficiently allocated, reducing costs and enhancing productivity."