Offshore

Ocean Installer Wins Major Vår Energi Contract for Balder Next New Wells

Ocean Installer has secured a major EPCI contract from Vår Energi for the Balder Next New Wells project, covering SURF installation for seven satellite well fields tied back to the Jotun FPSO.

Ocean Installer Balder Next New Wells project tied back to Jotun FPSO

Ocean Installer wins Balder project contract. (Image source: Ocean Installer)

29, June 2026
78 Views

Ocean Installer has secured a major engineering, procurement, construction and installation contract from Vår Energi for the Balder Next New Wells project in the North Sea.

The project is part of Vår Energi’s Balder area hub development strategy, which is centered on the Jotun FPSO. First oil from Balder Next New Wells is targeted within 2027, with project completion planned in 2028.

The development covers seven single satellite well fields that will be tied back to the Jotun FPSO.

Under the new contract, Ocean Installer will execute all SURF installation activities. The scope adds to the previously awarded procurement of flexible flowlines and risers under an EPC contract awarded in November 2025.

The contract is the third project award under the subsea strategic partnership established by Vår Energi and Ocean Installer in June 2022. Execution will be carried out in cooperation with OneSubsea, which is responsible for SPS supply.

Moreld defines a major contract as having a value of more than NOK 2,000 million. The value of the new award excludes the earlier procurement scope for flexible flowlines and risers.

Executives from Moreld and Ocean Installer said the award continues the companies’ work with Vår Energi, following the Balder Future project and the ongoing Balder Phase VI project.

Tags: Balder Next New Wells, EPCI, Jotun FPSO, North Sea, Norwegian Continental Shelf, Ocean Installer, SURF, Vår Energi

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

4, Jul
|

Offshore

Vår Energi Receives Havtil Consent for Balder Phase VI Start-up on the Norwegian Continental Shelf

Vår Energi has received Havtil consent to start up and operate Balder Phase VI on the Norwegian Continental Shelf. The project forms part of the Balder and Ringhorne development approved under the revised PDO.

30, Jun
|

Offshore

Vår Energi to Acquire Peon Stake from Equinor in Gjøa Asset Exchange

Vår Energi will acquire a 32.5% interest in Peon from Equinor and divest stakes in Fram and Grosbeak under an asset exchange on the Norwegian Continental Shelf.

29, Jun
|

Offshore

Odfjell Drilling’s Deepsea Bergen Clears Path for Equinor North Sea Wildcat

Equinor has received a drilling permit for the 30/8-7 S wellbore in production license 190. Odfjell Drilling’s Deepsea Bergen rig is set for the North Sea wildcat.