TechnipFMC has secured what it describes as a “significant” contract with Equinor to provide riserless light well
intervention (RLWI) services on the Norwegian Continental Shelf (NCS).

Under the agreement, TechnipFMC will provide production enhancement, production data, and pre-plug-and-
abandonment services to Equinor using the RLWI method.

The two-year contract will run from 2024 to 2025, with options to extend for each of the three subsequent years.

According to the company, 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 is said to reduce cost and complexity, increase efficiency, and accelerate the timeframe for increased
production.

“TechnipFMC has been providing RLWI services to Equinor since 2006. Over that period, the average duration of
an intervention has been reduced by nearly two-thirds thanks to improvements in process and technology, aided
by the collaborative relationship with Equinor's dedicated RLWI team,” Jonathan Landes, President of Subsea at
TechnipFMC.

This award will be included in inbound orders in the second quarter of 2023. TechnipFMC defines a “significant”
contract as being worth between $75 million and $250 million.

Speaking about the most recent cooperation between the two companies, Equinor revealed on 10 May that it
had handed out a contract for subsea umbilicals, risers and flowlines (SURF) to TechnipFMC for its recently
sanctioned oil and gas project in the Campos Basin offshore Brazil.