Var Energi ASA mentioned it has entered right into a collaboration settlement with TechnipFMC Norge AS for the engineering, procurement, building, and set up of future subsea initiatives within the Gjøa space of the North Sea.
Var Energi entered into the settlement, which has a time period of 5 years with the potential of extension, on behalf of the license homeowners within the Gjøa Nord, Cerisa, and Ofelia discoveries, the corporate mentioned in a information launch.
The work scope covers the built-in execution of each subsea manufacturing programs and subsea umbilicals, risers, and flowlines, in line with the discharge.
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Monetary phrases of the contract weren’t disclosed.
The Gjøa Nord, Cerisa, and Ofelia discoveries are estimated to include as much as a complete of 110 million barrels of oil equal gross, and an funding determination is deliberate for 2026, the discharge mentioned.
If the license companions determine to proceed, the plan is to coordinate the three developments, aiming to “notice synergies in procurement, engineering, drilling, set up and venture follow-up,” Var Energi mentioned.
Var Energi COO Torger Rod mentioned, “We now have excessive expectations for additional growth across the Gjøa subject, which is one among Vår Energi’s core areas. At present we’re maturing the three oil and fuel discoveries for a deliberate subsea growth that might be tied again to the Gjøa platform. Via the settlement with TechnipFMC, the purpose is to attain sooner and extra aggressive growth”.
“Via this settlement, we are going to leverage TechnipFMC’s in depth expertise and experience on the Norwegian continental shelf and within the Gjøa space specifically. We look ahead to persevering with the collaboration. Collectively, we are going to optimize the event resolution and guarantee environment friendly venture execution to be able to maximize worth creation,” Rod added.
The companions within the PL153 Gjøa / Gjøa Nord license are Var Energi, the operator with a 30 % stake; Petoro with 30 %; Harbour Power Norge AS with 28 %, and OKEA ASA with 12 %.
For the PL 929 Ofelia license, Var Energi is the operator with a 40 % stake, whereas Harbour Power Norge owns a 20 % stake, Pandion Power owns 20 %, and DNO and AkerBP personal 10 % every.
For PL636 Duva/Cerisa license, Var Energi is the operator with a 30 % stake, whereas ORLEN owns a 30 % stake, INPEX Idemitsu owns 30 %, and Sval Energi owns 10 %.
Ormen Lange Venture Begins Subsea Compression
Final month, the Ormen Lange venture began subsea compression to spice up manufacturing from the fuel subject, forward of plan and beneath price range, Var Energi mentioned in an earlier assertion.
Operated by Shell, Ormen Lange is a significant pure fuel subject situated on the Norwegian continental shelf, roughly 74.6 miles (120 kilometers) northwest of Kristiansund within the Norwegian Sea and close to the onshore processing and export facility at Nyhamna. The fuel is exported to European markets by means of Langeled and the Norwegian fuel export system.
The venture is an “essential contributor” to assist Vår Energi attain its goal of manufacturing greater than 400,000 barrels of oil equal per day within the fourth quarter of 2025, the corporate mentioned.
The Ormen Lange part III venture consists of two subsea compression stations aimed toward growing subject restoration from 75 % to 85 %. The venture’s plan for growth and operation estimates that subsea compression will get better an extra 30 billion to 50 billion cubic meters of gross fuel manufacturing from the Ormen Lange subject, in line with the assertion.
Shell is the operator of the Ormen Lange subject with a 17.8 % stake. Var Energi owns a 6.3 % stake, Petoro AS owns 36.5 %, Equinor Power owns 25.3 %, and Orlen Upstream Norway AS owns 14 %.
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