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-TechnipFMC and Island Offshore Enter into a Strategic Collaboration Agreement for Riserless Light Well Intervention

Feb 05, 2018 - ENP Newswire

TechnipFMC (NYSE:FTI) (PARIS:FTI) has signed an agreement with the Island Offshore group to acquire a 51% stake in Island Offshore's wholly owned subsidiary, Island Offshore Subsea AS.

Island Offshore Subsea AS provides Riserless Light Well Intervention (RLWI) project management and engineering services for plug & abandonment (P&A), riserless coiled tubing and well completion operations. Island Offshore Subsea AS employs approximately 80 staff.

Island Offshore Subsea AS has developed...