Contract Award to Floatel International

Source: 11/30/2022, Location: Europe

The lifetime extension program for North Sea production vessel Balder FPU continues. Vår Energi repeats the 2021 success and secures Floatel Superior for the 2023 High Activity Period (HAP).

The 2023 HAP kicks off in May and Vår Energi returns to Floatel International for support. This week the contract for Floatel Superior was signed. The rig will be conncted to Balder FPU and be used as living quarters.

VP Modifications Projects in Vår Energi, Inge Bjørkevoll explains:

The 2021 campaign was a great success. Connecting two floaters proved to be a complex but manageable solution thanks to the good cooperation and the common will-to-win mentality between Vår Energi and the suppliers involved. And you don’t change a winning plan.

The Balder FPU (floating production unit) plays a crucial role in the long-term commitment to increase recovery and production from the Balder field in the North Sea. The vessel was initially intended to retire in 2011, and in order to operate until 2030, the ship will have to go through an upgrade program.

The HAP 2023 scope includes upgrades to some of the key production support systems, surface protection, structural reinforcements, work environment upgrades and maintenance campaign.

The Balder FPU upgrade is a part of the growth strategy for the Balder Area in the North Sea. By 2030 the Balder FPU production capacity will be replaced by Jotun FPSO – scheduled to arrive on the field Q3 2024.

The Vår Energi ASA has contracted Floatel Superior for 13 weeks with a four-week extension option.

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