Balder X contract awarded to Agility Subsea Fabrication
Agility Subsea Fabrication is proud to announce that a contract for fabrication of subsea structures for Balder X is awarded by Baker Hughes to Agility Subsea Fabrication. The end client and operator on the Balder field is Vår Energy. With this contract, Agility Subsea Fabrication and Baker Huges have established a relation with great potential for future collaboration.
The Balder X contract covers fabrication of several more structures. The procurement will start already in 2019 and “first cut of steel” is planned to Q1 2020. The work will be performed at Agility Subsea Fabrication’s facilities in Skien and Tønsberg in addition to multiple subcontractors in Europe. Last delivery will find place early 2021. The project represents close to 90 man-years for Agility Subsea Fabrication, and secures operations both in Tønsberg and Røra.
“Expanding our client base with Baker Hughes is a major development for Agility Subsea Fabrication, and substantiate Agility Subsea Fabrication as the leading subsea fabricator”, says CEO Tove Nilsen Ljungquist.
“This is the first project in a very interesting future cooperation. We have agreed to work closer together through a frame agreement as Agility Subsea Fabrication is Baker Huges’ preferred partner, for fabrication of subsea structures delivered by BH in the North Sea”, she continues.
Balder X Project, formerly known as the Balder Future project, involves redevelopment of the Balder and Ringhorne fields located offshore Norway. The NOK15bn ($1.73bn) project aims to recover 170 million barrels of additional oil discovery and extend the production life of the two fields up to 2045. The Balder and Ringhorne fields are currently owned and operated by Vår Energi, a joint venture between Eni (69.6%), a company based in Italy, and HitecVision (30.4%), an equity investor based in Norway.