Fossil Energy – Balder Area
Ocean Installer has been awarded a fast track EPCI (engineering, procurement, construction, and installation) contract by Vår Energi for the Balder Phase VI project for the further development of the Balder area.
This project is part of Vår Energi’s hub development strategy in the Balder area of the North Sea, which is centered around the newly installed Jotun FPSO.
The project is scheduled to deliver first oil by the end of 2026, reinforcing both companies’ shared commitment to the efficient development of subsea tie-backs on the Norwegian Continental Shelf (NCS).
This contract is called off under the strategic partnership contract entered into with Vår Energi in June 2022. It is also a continuation of a multi-year collaboration between Vår Energi and Ocean Installer in the Balder area, where Ocean Installer has been engaged since 2019. In this period, Ocean Installer has been responsible for fabrication and installation of the SURF equipment around the Jotun FPSO.
