Page 14 TradéWinds September 2 1994 FPVs lure Smedvig away from rigs STAVANGER: Norwegian offshore drilling contractor Smedvig A/S is shifting its long-term focus increasingly towards the capital-intensive floating production market, and is looking to scale back on its traditional drilling rig activities. Smedvig is hoping to sell off some of its older rigs, confirms managing director Ole Melberg, and the company s investment portfolio for the next several years will be dominated by its efforts to become a major player in the quickly growing market for floating production vessels (FPVS).