Vår Energi ASA has entered into a collaboration agreement with TechnipFMC Norge AS for delivery of subsea projects utilizing its integrated commercial model for engineering, procurement, construction, and installation. The agreement pertains to future subsea developments in the Gjøa area in the North Sea.
Vår Energi has entered into the collaboration agreement on behalf of the licence owners in the Gjøa Nord, Cerisa and Ofelia discoveries and covers integrated execution of both SPS (Subsea Production Systems) and SURF (Subsea Umbilicals, Risers, and Flowlines) work scopes.
The Gjøa Nord, Cerisa and Ofelia discoveries are estimated to contain up to a total of 110 million barrels of oil equivalent gross. This will realize synergies in procurement, engineering, drilling, installation and project follow-up. An investment decision is planned in 2026.
The collaboration agreement is for five years with the possibility of extension.