TechnipFMC agreed to acquire a 51% stake in a subsidiary of Island Offshore that offers riserless light well intervention (RLWI) project management and engineering services for plug & abandonment, riserless coiled tubing and well completion operations. The sub, Island Offshore Subsea AS, has developed proprietary designs related to subsea P&A and riserless coiled tubing.In connection with the acquisition, TechnipFMC and Island Offshore will enter into a strategic cooperation agreement to deliver RLWI services, which......
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