Rosenberg Worley has secured an engineering, procurement, construction and installation (EPCI) contract for the lifetime extension of the Jotun floating production storage and offloading (FPSO) vessel.

Awarded by Norwegian firm Vår Energi, the contract will enable oil and gas production from the Balder field until 2045.

Vår Energi CEO Kristin Kragseth said: “Extending the life of the Jotun FPSO towards 2045 in the Balder Future Project is key in enabling Vår Energi’s future growth plan, ensuring Norway’s first offshore licence, PL 001, a lifespan of 80 years.”

Along with EPCI works, Rosenberg Worley will be associated with the commissioning of the Jotun FPSO vessel. Initial planning activities have already commenced and are being carried out in coordination with the ongoing FEED work by Aker Solutions.

Next year, the Jotun FPSO will be transported to the Rosenberg Worley yard in Stavanger for a 15-month-long yard-stay.

The vessel will subsequently be moved offshore for installation at the Balder Field.

Rosenberg managing director Jan Narvestad said:  “This contract is very important and will secure high activity at Rosenberg the next few years.

“The project will require a workforce of more than 1,500 at peak, involving both engineering and construction resources.”

The contract award is a part of the redevelopment plan of Vår Energi-operated Balder and Ringhorne fields in the North Sea.

The overall project includes drilling 15 new production wells in the Balder field area and 11 in the Ringhorne field area.

According to Vår Energi, the company has reserves and resources of more than 1,250 million barrels of oil equivalent (Mboe). It aims to develop around 500Mboe in the next five year period.

Earlier this month, Vår Energi sold 10% ownership interests in six North Sea licences to Mime Petroleum. These licences are located across the Balder and Ringhorne fields.