Vår Energi ASA: Vår Energi awards contract to Aibel AS

On behalf of the partners in the Goliat and Gjøa licences, Vår Energi has awarded Aibel AS a five-year maintenance and modification (M&M) contract. Contract value is estimated to be around NOK 1.2 billion.

Increased cost levels and lower productivity on the Norwegian continental shelf are common industry challenges, and Vår Energi has therefore been particularly focused on competitiveness throughout the tender process. In particular, the company has focused on operational efficiency, improvement plans, synergies, local content, and competence in early-phase projects. The collaboration with Aibel AS, which stood out among many competent suppliers, will contribute with significant competence enhancement and improvement of the companies' joint work processes, which in turn will increase value creation.

Vår Energi COO Torger Rød, said:

This contract ensures local deliveries that create activity, ripple effects, and employment in Hammerfest and Florø, where the two fields have their supply and logistics bases. In addition to technical deliveries, Aibel AS will provide engineering support and project management, hence becoming an integrated and important part of our teams at Goliat in the north and at Gjøa in the west

Goliat in the Barents Sea and Gjøa in the North Sea are two of the company's core areas, both with significant future resource potential.

Rød added:

A good and close collaboration with suppliers of maintenance and modification services is of great importance to Vår Energi. Through this contract, we will benefit from Aibel AS' solid competence and experience working on the Norwegian continental shelf. By having the same supplier for the Gjøa and Goliat installations, we expect to extract significant synergies on the deliveries.

The contract duration is set to 5 years, with options for 3 x 2 years.