Offshore support vessel ‘Olympic Energy’. Credit: Vår Energi.

Norwegian oil and gas company Vår Energi has acquired two supply vessels for deployment in the North Sea.

The clean vessels will contribute to the company’s sustainability strategy to reduce its environmental footprint.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Both the vessels, ‘Olympic Energy’ and ‘Troms Sirius’, will operate between North Sea’s Balder field and Dusavik quay outside Stavanger.

The Troms Sirius vessel will commence work later this month, while Olympic Energy will start service in February.

Vår Energi operations support manager Eivind Espe said: “We are constantly working to reduce our footprint, so we were extra happy when Olympic Energy became available.

“The supply vessel is one of the cleanest vessels in operation on the shelf and helps us move closer to a more environmentally friendly oil and gas production 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.

Olympic Energy runs on LNG and is equipped with a battery pack of 460kWh. It can connect to shore power and charge the battery during quay stays.

Meanwhile, the Troms Sirius vessel uses traditional fuel. However, it will be upgraded to get connected to shore power when the ship is at the quay.

In a press statement, Vår Energi stated: “All vessels are equipped with technology that helps Vår Energi closer to the goal of a more environmentally friendly oil and gas production.”

Vår Energi is the result of the merger of Point Resources and Eni Norge in 2018. It is jointly owned by Eni (69.6%) and Norway based private equity investor HitecVision (30.4%).

In August last year, Vår Energi completed the sale of 10% ownership interests in six North Sea licenses to Mime Petroleum.