Aker Solutions has entered into a five-year strategic partnership with Vår Energi to provide maintenance and modification services for assets and projects on the Norwegian Continental Shelf (NCS).

This collaboration, which also includes Honeywell and StS-ISONOR, is designed to leverage an established model that incentivises integrated teamwork and shared objectives.

The contract spans five years, with the possibility of extension for up to 11 years.

Aker Solutions’ Life Cycle segment executive vice-president and head Paal Eikeseth said: “We are proud to be a trusted and strategic partner for Vår Energi. At Aker Solutions, we believe that strong partnerships drive efficiency, foster continuous improvement and enable a leaner project organisation.”

The partnership is set to create value through joint project planning, safe and efficient execution, and collaboration.

Vår Energi chief operating officer Torger Rød said: "Aker Solutions, Honeywell and StS-ISONOR represent world-leading technical expertise and extensive experience in areas of strategic importance to our activities. With Vår Energi's clear growth ambitions, a strong and long-term partnership is crucial.

“We are working purposefully to achieve results through close collaboration, actively utilising our partners’ core competencies. By year-end, we will increase production to around 400,000 barrels per day, which makes us one of the world's fastest-growing oil and gas companies.” 

Vår Energi operates across the entire NCS, managing a diverse portfolio of 200 licences and 42 producing fields.

In December 2024, Aker Solutions announced a five-year maintenance and modification agreement with Vår Energi for key assets on the NCS.

Set to commence in January 2025, the contract is valued at between Nkr500m ($44m) and Nkr1.5bn.

It covers the Jotun, Balder and Ringhorne assets, with an option to extend the agreement for up to six additional years.