Vår Energi has announced a collaboration with TechnipFMC for the delivery of subsea projects in the North Sea using an integrated commercial model.
This model encompasses engineering, procurement, construction, and installation (EPCI) services for future subsea developments in the Gjøa area.
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The five-year partnership agreement also includes options for extension.
The agreement, initiated on behalf of the licence owners in the Gjøa Nord, Cerisa, and Ofelia discoveries, aims to integrate the execution of subsea production systems (SPS) and subsea umbilicals, risers, and flowlines (SURF) work scopes.
These discoveries are collectively estimated to hold up to 110 million barrels of oil equivalent (mboe).
The licence owners contemplate a coordinated development strategy for the three fields, targeting synergies in procurement, engineering, drilling, installation, and project management. An investment decision on the projects is anticipated by 2026.
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By GlobalDataVår Energi COO Torger Rød said: “We have high expectations for further development around the Gjøa field, which is one of Vår Energi’s core areas.
“Currently, we are maturing the three oil and gas discoveries for a planned subsea development that will be tied back to the Gjøa platform. Through the agreement with TechnipFMC, the goal is to achieve faster and more competitive development.”
The Gjøa Nord, Cerisa, and Ofelia discoveries are operated by Vår Energi with various partners, including Petoro, Harbour Energy Norge, OKEA, Pandion Energy, DNO, and Sval Energi, holding stakes across the respective licences.
In a related development, Vår Energi has awarded Aibel a five-year maintenance and modification contract valued at approximately Nkr1.2bn ($119m) to support operations in the Goliat and Gjøa fields.
The agreement, extendable by up to six additional years through options, aligns with Vår Energi’s strategy to optimise operational efficiency and drive value creation in its core areas of the Barents and North Seas.
