Vår Energi awards Balder X subsea contract to Baker Hughes and Ocean Installer

Vår Energi awards Balder X subsea contract to Baker Hughes and Ocean Installer

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.”

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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