Vår Energi has awarded Balder X subsea contract to BHGE and Ocean Installer. Credit: Vår Energi.

A consortium of Baker Hughes, a GE company, and Norwegian subsea contractor Ocean Installer has received a subsea contract for the Balder X project on the Norwegian Continental Shelf (NCS) from Vår Energi.

Under the contract, the award winners will be responsible for the engineering, procurement, construction and installation (EPCI) of subsea systems and associated services for the Balder X project.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The consortium companies will execute EPCI services for 16 new subsea production systems (SPS), umbilicals, risers and flowlines to the Jotun A floating production storage and offloading (FPSO) unit.

They will also proceed with decommissioning work in the field and clean up the seabed by removing redundant subsea systems and equipment from the Jotun field.

BHGE oilfield equipment president and CEO Neil Saunders said: “Working closely with Vår Energi and Ocean Installer, we will deploy the key components of Subsea Connect, including early engagement, advanced field-proven technology, flexible partnerships and digital solutions to improve project economics.”

The contract also includes the redevelopment of the Ringhorne field area in the North Sea.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Ocean Installer CEO Kevin Murphy said: “Furthermore, this project cements our close relationship with BHGE and provides a fantastic opportunity to showcase the strength and unique qualities of both companies in an integrated delivery.”

Redevelopment activities of the subsea contract include refurbishment and relocation of the Jotun A FPSO to extend the production life until 2045 and life of the Balder FPSO to 2030. The joint development will also include drilling 15 new production wells in the Balder field area and11 new production wells in the Ringhorne field.