• 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.
The scope of work covers a broad range of SURF activities in 2027 and 2028. The scope is well aligned with Ocean Installer’s integrated capabilities spanning engineering, fabrication and demanding offshore installation scopes. Equinor’s ambition under the NCS 2035 strategy is to bring 6–8 subsea tie-back projects onstream annually. Projects for subsequent waves have already been identified, underlining the long-term opportunity set for efficient portfolio execution.
“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 adds.
* Moreld defines a Large contract as between NOK 1-2 billion in value.
