Aker Solutions has entered into a
strategic partnership agreement to deliver maintenance and modification
services on Vår Energi-operated assets and projects on the Norwegian
Continental Shelf (NCS).
The
partnership also includes Honeywell and StS-ISONOR and builds on an already
established collaboration model with clear incentives to work as an integrated
team towards common goals.
The contract has a duration of five years with the option to be extended up to 11 years.
“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,” said Paal
Eikeseth, executive vice president and head of Aker Solutions’ Life Cycle
segment.
The strategic partnership aims to create value through joint project planning,
safe and efficient execution, collaboration and shared objectives.
Vår Energi's chief operating officer, Torger Rød, is pleased to initiate a
four-party collaboration with the team:, saying: "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's operations span the entire Norwegian continental shelf with a
diversified portfolio of 200 licenses and 42 producing fields.
In December 2024, Aker
Solutions signed a sizeable1 frame agreement to deliver maintenance
and modification services for Vår Energi’s Jotun, Balder, and Ringhorne assets
in the southern Norwegian Continental Shelf (NCS). These activities are part of
the partnership.
1Aker Solutions defines a sizeable
contract as being between NOK 0.5 billion and NOK 1.5 billion