Island Frontier awarded contract extension by StatoilHydro for RWLI workNews // August 5, 2008
StatoilHydro has awarded Island Offshore an amendment to a contract for light well intervention services, extending the contract to 2011.
When Island Wellserver commences operation around October 2008, this will provide StatoilHydro with two LWI units operating on the Norwegian Continental shelf.
"Island Offshore strongly believes in further developing Increased Oil Recovery (IOR) of subsea fields by means of increased well intervention activity. This is further strengthened by managing the MARACC well intervention unit, a fifth generation semi submersible light drilling unit, currently being built at Zhousuan Shipyard, China and ready for operation in the second quarter of 2010. This unit will purpose built to include through tubing rotary drilling (TTRD) together with Rigid Riser Coiled Tubing capabilities. Additionally, a fourth LWI unit has been ordered from Aker Yards, with delivery in the third quarter of 2011, which also will include a deep water application."