Vår Energi’s precommitment to subsea systems to cut tie-back development time by up to one year

Norwegian oil & gas company Vår Energi has signed a pre-commitment agreement with OneSubsea, a joint venture (JV) backed by SLB, Aker Solutions and Subsea7, for the delivery of subsea production systems (SPS), a move expected to shorten subsea tie-back development time by up to one year.

The two partners signed a letter of intent (LoI) for the delivery of a complete SPS which includes a standard four-well slot template and a single-well satellite structure.  

The order will be delivered before the summer of 2027, while the parts necessary for drilling will be delivered in 2026.

The agreement further involves securing materials and reduced delivery time enabling opportunities for continuous fast-track deliveries into Vår Energi’s project portfolio.

“Vår Energi has a high value early phase portfolio of more than 20 projects, with a target of developing projects from discovery to production in less than four years,” said Torger Rød, COO at Vår Energi.

“Efficient measures to shorten the lead time and control the supply chain for key equipment is important to reach these goals and will support our plan to sustain production at 350-400 thousand barrels of oil equivalent per day towards 2030.”

The move adds to the previous collaboration between Vår Energi and its strategic subsea partners OneSubsea, Ocean Installer and Saipem on the standardization and shortening of lead times to transform project developments.