Statoil is cutting the costs of increased recovery from fields in operation by hiring in light well intervention vessels. As of December Statoil has three light well intervention vessels in operation. Statoil awarded Island Offshore a framework agreement earlier this year for light well intervention (LWI) services from their Island Constructor vessel. The new vessel is set for operation in December, and is Statoil’s third light well intervention vessel in operation on the Norwegian continental shelf (NCS).