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Aker Solutions has been awarded two contracts from Island Offshore to provide well intervention services for Statoil in the North Sea.
Scope of work is to deliver downhole well intervention services from Island Offshore's two riserless well intervention vessels, Island Frontier and Island Wellserver. These operations include running of mechanical wireline, electrical wireline and wireline tractor services.
The two contracts are valid for five years plus two optional two-year extensions. They will run from 2015, when the current contracts expire.
Aker Solutions estimated that the two contracts in total will generate revenues between $52.7 million and $65.9 million during the firm five-year period.