DeepOcean selected as Vår Energi’s IMR partner

The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years.

The scope of the contract includes subsea work across all Vår Energi’s operated assets on the Norwegian continental shelf (NCS), covering IMR activities as well as project support for offshore modifications, installation, commissioning and drilling operations. DeepOcean will also provide associated project management and engineering services.

“Vår Energi has strong ambitions to foster a collaborative relationship, unlock efficiencies and drive value creation. We will build on this partnership by further sharpening our ability to respond rapidly and decisively to Vår Energi’s operational subsea needs,” says Olaf Hansen, Managing Director of DeepOcean Europe.

Implementing new technologies and exploring new ways of working are also key elements of the contract, with the use of uncrewed remote vessels and onshore remote operation centres as an integral part of the future IMR operations.

“A close and long-term partnership is essential to achieve our joint goals, and with our technical expertise and can-do attitude, I am confident we will make this a success,” adds Hansen.

DeepOcean and Vår Energi have collaborated on subsea operations for more than a decade. Today, Vår Energi is the third-largest operator on the Norwegian Continental Shelf and the second-largest exporter of gas from Norway. The new frame agreement formalises the continuation of this long-standing cooperation.

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(ENDS)

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For further media information, please contact:

Kjetil Sørum

M | +47 996 02 964

E | communications@deepoceangroup.com  

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About DeepOcean

DeepOcean is a world-leading ocean services provider, enabling energy transition and sustainable use of ocean resources, offering survey, engineering, project management, installation, maintenance, and recycling services for oil and gas, offshore renewables, deep sea minerals, and other ocean services.  

Across the global offices, DeepOcean is a trusted independent solutions provider with highly skilled industry experts, using world-class fit-for-purpose tools and technology to drive cost-efficient and safe operations. The company delivers innovative engineering solutions focusing on remote and unmanned operations and digitally-enabled services while continuously striving to lower the carbon footprint.

DeepOcean is owned by Triton, a leading European mid-market sector-specialist investor. As an active owner, Triton supports its portfolio companies to reach their full potential and works closely with DeepOcean to drive value creation. Founded in 1997, Triton invests in businesses that provide important goods and services in the Business Services, Industrial Tech, and Healthcare sectors.

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