Var Energi ASA has announced a strategic partnership with TechnipFMC Norge AS, focusing on the delivery of subsea projects in the North Sea’s Gjoa area. This partnership leverages an integrated commercial model for the full scope of engineering, procurement, construction, and installation work, signalling a significant step forward in the company’s development plans in the region.
The agreement of Var Energi partners with TechnipFMC specifically pertains to future subsea developments related to the Gjoa Nord, Cerisa, and Ofelia discoveries. It encompasses the integrated execution of both Subsea Production Systems (SPS) and Subsea Umbilicals, Risers, and Flowlines (SURF).
Torger Rod, COO of Var Energi, expressed strong confidence in this collaboration, emphasising the strategic importance of the Gjøa field. He stated, “We have high expectations for further development around the Gjøa field, which is one of Vår Energi’s core areas. Currently we are maturing the three oil and gas discoveries for a planned subsea development that will be tied back to the Gjøa platform. Through the agreement with TechnipFMC, the goal is to achieve faster and more competitive development.” Rod emphasised that the company is progressing the three oil and gas discoveries—Gjoa Nord, Cerisa, and Ofelia—with the objective of tieing them back to the current Gjoa platform.
The three discoveries are estimated to contain a combined gross resource of up to 110 million barrels of oil equivalent. If the license partners decide to proceed, a coordinated development approach is planned to optimise resource extraction. The strategy is expected to yield synergies among procurement, engineering, drilling, installation, and follow-up project activities.
Investment in joint development is expected in 2026, which serves to optimise value from the findings while ensuring high standards of safety and the environment. Var Energi partners with TechnipFMC reflects a combined effort towards pushing the scope of subsea development forward in the North Sea, capitalising on technological expertise and integrated execution models to realise the full value of such promising assets.
Additionally, Rod said, “Through this agreement, we will leverage TechnipFMC’s extensive experience and expertise on the Norwegian continental shelf and in the Gjoa area in particular. We look forward to continuing the collaboration. Together, we will optimise the development solution and ensure efficient project execution in order to maximise value creation.”
The details of the license include:
- Partners in the PL153 Gjoa /Gjoa Nord licence are Var Energi (operator and 30%), Petoro (30%), Harbour Energy Norge AS (28%), and OKEA ASA (12%).
- Partners in the PL 929 Ofelia licence are Var Energi (operator and 40%), Harbour Energy Norge AS (20%), Pandion Energy (20%), DNO (10%), and AkerBP (10%).
- Partners in the PL636 Duva/Cerisa licence include Var Energi (operator and 30%), ORLEN (30%), INPEX Idemitsu (30%), and Sval Energi (10%)
