TechnipFMC Norge and Vår Energi Collaborate for Future Subsea Developments in the North Sea

TechnipFMC Norge, a subsidiary of the UK-headquartered energy technology provider TechnipFMC, and Vår Energi, a Norwegian oil and gas player, have entered into a partnership to bring to life future subsea hydrocarbon developments in the Gjøa area in the North Sea, off the coast of Norway.

Vår Energi’s collaboration agreement with TechnipFMC Norge covers the delivery of subsea projects for the Gjøa Nord, Cerisa, and Ofelia discoveries. The agreement includes the utilization of TechnipFMC’s integrated commercial model for engineering, procurement, construction, and installation (EPCI) scope of work.

The license owners in the Gjøa Nord, Cerisa, and Ofelia discoveries include Vår Energi, Petoro, Harbour Energy Norge, OKEA, Pandion Energy, DNO, AkerBP, ORLEN, INPEX Idemitsu, and Sval Energi.

The agreement focuses on the integrated execution of subsea production systems (SPS) and subsea umbilicals, risers, and flowlines (SURF) work scopes for the three discoveries, which are estimated to contain up to 110 million barrels of oil equivalent gross.

Torger Rød, COO of Vår Energi, stated, “We have high expectations for further development around the Gjøa field. Through the agreement with TechnipFMC, the goal is to achieve faster and more competitive development.”

The planned final investment decision (FID) in 2026 aims to coordinate the Gjøa Nord, Cerisa, and Ofelia developments to realize synergies and maximize value creation.

Rød added, “We will leverage TechnipFMC’s expertise in the Gjøa area to optimize the development solution and ensure efficient project execution.”

While Vår Energi’s Balder oil project progresses in the North Sea, the company and partner Kistos Energy recently took an FID to start production from another segment of the asset next year.

The Norwegian Offshore Directorate has emphasized the importance of ramping up search efforts for remaining hydrocarbon resources on the Norwegian Continental Shelf to increase production levels and safeguard over $1.42 trillion in potential revenue.