FMC Technologies to supply RLWI services to BP

FMC Technologies, a leading global provider of technology solutions for the energy industry and other industrial markets, has signed a three-year contract with Island Offshore Management AS to supply a Riserless Light Well Intervention (RLWI) system for use by BP in the UK North Sea.

The contract, which has a value of approximately $25 million in revenue to FMC Technologies, also contains options for two, one-year extensions.

The contract includes a new RLWI system to be manufactured at FMC’s facilities in Kongsberg, Norway and will be used by Island Offshore’s new vessel, the Island Constructor. This will be FMC’s third RLWI system. Expected commencement of the contract will be in the summer of 2008.

FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.