Vår Energi has entered into a collaboration agreement with TechnipFMC for the delivery of subsea projects using its integrated commercial model for engineering, procurement, construction, and installation (EPCI). The agreement pertains to 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 subsea production systems (SPS) and subsea umbilicals, risers and flowlines (SURF) work scopes.
The Gjøa Nord, Cerisa and Ofelia discoveries are estimated to contain up to a total of 110 million barrels of oil equivalent (mboe) gross. If the licence partners decide to proceed, the plan is to coordinate the three developments.
The collaboration agreement is for five years with the possibility of extension. A final investment decision (FID) on the three projects is expected in 2026.
For more information, please visit EICDataStream.