Norwegian independent Vaar Energi has secured partnerships with three leading offshore contractors for subsea production equipment deliveries "in preparation for record high activity levels on the Norwegian Continental Shelf".
The three contractors - Aker Solutions, Havfram and Saipem - will provde fabrication, delivery, and installation of subsea production systems, and subsea umbilicals risers and flowlines for all Var Energi-operated assets and projects on the NCS.
The contract duration is five years plus two options of two years each - potentially up to nine years.
Vaar said the "new model" of the strategic partnership is built on a one-for-all and all-for-one principle and contrasts with the conventional model of separate contracts with split scope and responsibilities.
"We are very pleased to have secured such a strong team supporting us to develop our projects, through priority, competence, and capacity. Broader, long-term, and more open collaboration between suppliers and operators drives value creation. It reduces cost and increase efficiency and predictability. Strong partnerships with key suppliers will develop the most sustainable solutions, and strengthen our competitiveness," said Vaar Energi chief executive Torger Rod.
Vaar Energi has equity stakes in 36 fields that produced a net 246,000 barrels of oil equivalent per day in 2021.
The company was formed in 2018 following the merger of Eni's Norway subsidiary and Point Resources, and has its headquarters in Stavanger.
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