Vår Energi has announced a strategic partnership with Aker Solutions, Honeywell, and StS-ISONOR, building on an established collaboration model with clear incentives for working as an integrated team to achieve shared objectives.
The partnership includes a five-year contract with an option to extend up to 11 years. Aker Solutions’ executive vice president, Paal Eikeseth, emphasised the importance of collaboration: “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.”
This collaboration focuses on joint project planning, safe and efficient execution, and the alignment of objectives to create value.
Vår Energi’s chief operating officer, Torger Rød, highlighted the significance of this four-party alliance:
“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. 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, making us one of the world’s fastest-growing oil and gas companies.”
Vår Energi operates across the Norwegian Continental Shelf, managing a diversified portfolio of 200 licenses and 42 producing fields.
As part of this collaboration, Aker Solutions signed a sizeable frame agreement in December 2024 to provide maintenance and modification services for Vår Energi’s Jotun, Balder, and Ringhorne assets in the southern Norwegian Continental Shelf. This agreement, valued between NOK 0.5 billion and NOK 1.5 billion, is an integral component of the strategic partnership.
This alliance exemplifies the commitment of Vår Energi and its partners to advancing efficiency, innovation, and sustainable growth in the oil and gas sector.
For more information visit www.akersolutions.com
