Oil & Gas

Ocean Installer Wins Equinor Wave 1 Subsea Tie-Back Contract for Four NCS Projects

(Image credit: Ocean Installer)
(Image credit: Ocean Installer)

Ocean Installer has been awarded a large contract by Equinor for the first “Wave” of subsea tie-back projects on the Norwegian Continental Shelf (NCS), as part of Equinor’s NCS2035 strategy. The strategy is aimed at delivering a step-change in project execution, targeting up to 50% reduction in both cost and lead time.

  • The award covers four Wave 1 projects: Omega Sør, Brime, Tyrihans Nord and TWIN, plus an optional scope at Tyrihans.
  • The scope covers design, engineering, fabrication and offshore works in 2027 and 2028

The award includes four projects under Wave 1: Omega Sør, Brime, Tyrihans Nord and TWIN. In addition, the contract includes optional scope at the Tyrihans field. Omega Sør, Brime and Tyrihans Nord are planned as flexible tie-back developments, while the TWIN project builds on the same concept as the Troll Phase 3 – Stage 2 development, which is currently being executed by Ocean Installer.

“I’m pleased to see that we are successful in securing this first portfolio of projects,” said Geir Austigård, CEO of Moreld. “We believe that Ocean Installer, together with the broader Moreld Group, is well positioned to support Equinor in delivering on its ambitious NCS2035 targets.”

“We are very supportive of Equinor’s new wave approach and believe this is the right way to significantly reduce cost and lead time for subsea tie-backs,” Kevin Murphy, CEO of Ocean Installer, added.

Moreld defines a Large contract as between NOK 1–2 billion in value.

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