Statoil awards FMC $43 million subsea equipment contract

July 06, 2011 | Budget & Investment

FMC_Technologies

Statoil has awarded FMC Technologies a $43-million contract for subsea workover adapters.

FMC will supply eight workover adapters for horizontal subsea production trees, five adapters for drill pipe landing strings, and topside controls. Equipment will be manufactured at the company’s facility in Kongsberg, Norway, with deliveries starting next spring.

“This equipment will support workover operations at four fasttrack fields in the North Sea,” said Tore Halvorsen, FMC’s senior vice president of Global Subsea Production Systems. “It provides added flexibility and brings standardization to Statoil’s workover system portfolio.”