Ocean Installer has been awarded a major* contract for the Balder Next New Wells Project under the company’s Strategic Partnership with Vår Energi:
“Vår Energi has been a key customer for the Moreld group for many years. This project demonstrates Vår Energi’s commitment to their hub-based development strategy in the North Sea centered around the Jotun FPSO host, and we’re happy to see that Ocean Installer will play a key role in delivering the next phase of that strategy”, said Geir Austigard, Moreld CEO.
This award marks another important milestone in the long-term partnership we have with Vår Energi. This project represents a natural continuation of the collaboration we established back in 2019 with the Balder Future project and the ongoing Balder Phase VI project. Together, we have successfully delivered and installed critical offshore infrastructure, and we are proud to be part of this next growth phase of the Balder area, Kevin Murphy, Ocean Installer CEO, adds.
The contract is the third project contract awarded under the subsea strategic partnership established between Vår Energi and Ocean Installer in June 2022. The project execution will be carried out in close cooperation with another strategic partnership member, OneSubsea, who are responsible for the for the SPS (Subsea Production System) supply.
*Moreld defines a major contract as more than NOK 2000 million in value. This value excludes the previously awarded procurement of flexible flowlines and risers (EPC awarded in November 2025).
