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Pipeline Pulse > Oil > Var Energi Indicators Lengthy-Time period Partnership Settlement for NCS Operations
Oil

Var Energi Indicators Lengthy-Time period Partnership Settlement for NCS Operations

Editorial Team
Last updated: 2025/01/29 at 10:06 AM
Editorial Team 4 months ago
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Var Energi Indicators Lengthy-Time period Partnership Settlement for NCS Operations
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Norwegian oil and gasoline firm Vår Energi ASA has signed a long-term partnership cope with Aker Options, Honeywell, and StS-ISONOR for the supply of modification and upkeep companies on the Norwegian continental shelf (NCS).

Vår Energi mentioned in a media launch that the partnership builds on an already established collaboration mannequin with clear incentives to work as an built-in staff.

“Aker Options, Honeywell, and StS-ISONOR signify world-leading technical experience and in depth expertise in areas of strategic significance to our actions. With Vår Energi’s clear progress ambitions, a powerful and long-term partnership is essential”, Torger Rød, Vår Energi’s COO, mentioned.

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“By year-end, we’ll enhance manufacturing to round 400 thousand barrels per day, which makes us one of many world’s fastest-growing oil and gasoline firms”, Rød added.

The strategic alliance seeks to generate worth via collaborative venture planning, protected and environment friendly execution, sturdy teamwork, and shared goals. The agreements are set for a five-year time period, with the potential of renewal, in accordance with Vår Energi.

The settlement encompasses Vår Energi’s operations spanning the complete NCS with a diversified portfolio of round 200 licenses and 40 producing fields.

Earlier this month, Vår Energi mentioned it was awarded 16 new manufacturing licenses, together with 5 operatorships, on the NCS within the 2024 Awards in Predefined Areas. Vår Energi secured 9 licenses within the North Sea, six licenses within the Norwegian Sea, and one within the Barents Sea.

To contact the writer, e mail andreson.n.paul@gmail.com


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Editorial Team January 29, 2025
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