The two-year contract runs from 2024 to 2025, with options to extend for each of the three subsequent years.
RLWI enables well interventions from a monohull vessel, eliminating the need for a riser and the rig required to connect the riser to the subsea well. Instead, remotely operated Well Control Systems are used to facilitate operations on the seabed. This reduces cost and complexity, increases efficiency, and accelerates the timeframe for increased production.
(1) ForTechnipFMC , a 'significant' contract is between$75 million and$250 million . This award will be included in inbound orders in the second quarter of 2023.
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