Norway's Island Offshore has clinched a contract to provide a light well intervention services vessel (LWI) for Equinor.
A new agreement has been reached for the use of the 8,200-dwt support ship Island Wellserver (built 2008).
The vessel has been working for Equinor, formerly Statoil, since April 2009.
The new deal starts in 2020, involving a one-year extension and three yearly options.
The vessel will have a minimum of 200 days a year on hire as a result.
“The last few years have really put us to the test, but as owner and operator within light well intervention we have asserted that this segment is viable. This contract proves that our services are needed,” said managing director of Island Offshore Management, Havard Ulstein.
“We are very pleased to obtain renewed trust with Equinor, and we are confident that we will keep the vessel in operation for more than 200 days a year on the Norwegian continental shelf.”
In 2018, Island Offshore and TechnipFMC entered into a strategic collaboration agreement to deliver LWI services on a worldwide basis.
At the same time TechnipFMC acquired a 51% stake in Island Offshore’s wholly owned subsidiary, Island Offshore Subsea.
This company is now named TIOS and is the contracting party with Equinor, while Island Offshore is the supplier of vessel with maritime crew.
