Norwegian E&P company Vår Energi AS has awarded a contract covering engineering, procurement, construction and installation (EPCI) of subsea systems for the Balder X project to a consortium of GE’s Baker Hughes (BHGE) and Ocean Installer.
This award includes the redevelopment of the Balder and Ringhorne field area in the North Sea. The Balder X Project will extend the life of the Jotun A FPSO towards 2045 and relocating it to the Balder license PL 001. The Balder X Project will give PL 001 a total lifespan of over 80 years.
BHGE and Ocean Installer will engineer, procure, construct and install new subsea production systems, umbilicals, risers and flowlines to the Jotun A FPSO. The companies will also carry out decommissioning and cleaning up the seabed by removing redundant subsea systems from the Jotun field.
Kristin Kragseth, CEO of Vår Energi, commented: “We are pleased to award this important contract to the BHGE and Ocean Installer consortium. It will provide new activity to the world-class oil service industry we have in the Stavanger region. Both consortium companies a have strong local presence, and large portions of the construction and engineering work will come from local suppliers, securing employment in the region.”