RLWIRiserless Light Well Intervention (subsea well maintenance)
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Also, TechnipFMC will install subsea trees and deploy its deepwater RLWI stack to perform well intervention services on up to eight subsea wells in the GWF-2 development.
The company added that this is the second RLWI project for TechnipFMC in Australia and builds upon TechnipFMC's 400+ wells of prior RLWI experience in the North Sea.
Oceaneering would invest nearly $10m to completely build the two RLWI systems.
We are pleased that our RLWI technology is supporting Statoil in achieving their targets of increased oil recovery.
Currently, Blue Ocean has two RLWI systems under construction and Oceaneering will give $10 million to complete those projects.
Blue Ocean's RLWI systems have the capability to perform a wide variety of cost effective services for well interventions, including well diagnostics, damaged well remediation and workovers, and well plugging and abandonment.
The company said its RLWI technology holds the current depth record for deepwater riserless intervention at 8,200 feet (2,500m).
Included in the acquisition are three RLWI systems, two of which are at present under construction, and would be completely functional by mid-2017.
According to the firm, it is planning nearly $10 million investment to finish the construction of the two RLWI systems.