Vår Energi AS has awarded a contract covering engineering, procurement, construction and instalment (EPCI) of subsea systems (SPS/SURF) for the Balder X project to a consortium of the companies Baker Hughes, a GE company (BHGE) and Ocean Installer AS.
This award is a key milestone in the ongoing Balder X Project, which includes the redevelopment of the Balder and Ringhorne field area in the North Sea. The Balder X Project will extend the life of the Jotun A FPSO towards 2045 through refurbishing it and relocating it to the Balder license PL 001, the first production license on the Norwegian continental shelf. If production proceeds according to the current estimates, the Balder X Project will give PL 001 a total lifespan of over 80 years.
Under the contract, the consortium companies will engineer, procure, construct and install new subsea production systems (SPS), umbilicals, risers, and flowlines to the Jotun A FPSO. BHGE and Ocean Installer will also carry out decommissioning and cleaning up the seabed by removing redundant subsea systems and equipment from the Jotun field.
The redevelopment of the Vår Energi-operated Balder and Ringhorne fields entails major future project activities. This includes extending the lifetime of the Jotun A FPSO towards 2045, extending the life of the Balder FPSO towards 2030, drilling of 15 new production wells in the Balder field area and 11 new production wells in the Ringhorne field area. Vår Energi is also planning to execute several exploration drilling campaigns, in addition to the extensive production drilling program.
