(From left): Aker Solutions EVP Life Cycle Paal Eikeseth; CEO of StS-ISONOR AS Ingrid Solheim; Vår Energi COO Torger Rød; and Geir Myhre, managing director of Honeywell Process Solutions. Credit: Vår Energi.

Aker Solutions has entered into a five-year strategic partnership with Vår Energi to provide maintenance and modification services for assets and projects on the Norwegian Continental Shelf (NCS).

This collaboration, which also includes Honeywell and StS-ISONOR, is designed to leverage an established model that incentivises integrated teamwork and shared objectives.

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The contract spans five years, with the possibility of extension for up to 11 years.

Aker Solutions’ Life Cycle segment executive vice-president and head Paal Eikeseth said: “We are proud to be a trusted and strategic partner for Vår Energi. At Aker Solutions, we believe that strong partnerships drive efficiency, foster continuous improvement and enable a leaner project organisation.”

The partnership is set to create value through joint project planning, safe and efficient execution, and collaboration.

Vår Energi chief operating officer Torger Rød said: “Aker Solutions, Honeywell and StS-ISONOR represent world-leading technical expertise and extensive experience in areas of strategic importance to our activities. With Vår Energi’s clear growth ambitions, a strong and long-term partnership is crucial.

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“We are working purposefully to achieve results through close collaboration, actively utilising our partners’ core competencies. By year-end, we will increase production to around 400,000 barrels per day, which makes us one of the world’s fastest-growing oil and gas companies.” 

Vår Energi operates across the entire NCS, managing a diverse portfolio of 200 licences and 42 producing fields.

In December 2024, Aker Solutions announced a five-year maintenance and modification agreement with Vår Energi for key assets on the NCS.

Set to commence in January 2025, the contract is valued at between Nkr500m ($44m) and Nkr1.5bn.

It covers the Jotun, Balder and Ringhorne assets, with an option to extend the agreement for up to six additional years.