$MORLD.OL

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Moreld Unit Wins Contract for Vår Energi's North Sea Project

Multidisciplinary engineering group Moreld (MORLD.OL) unit Ocean Installer secured a major contract for Vår Energi's (VAR.OL) Balder Next New Wells project in the North Sea.The engineering, procurement, construction, and installation contract aims to support the continued development of the Balder area, with first oil targeted for 2027, according to a Friday filing.The project will be executed in partnership with OneSubsea, which will supply the subsea production system.The company defines a major contract as more than 2 billion Norwegian kroner in value.

$MORLD.OL$VAR.OL

Equities23d ago

Moreld Unit Wins Well Tie-in Contract for Equinor's Bacalhau Project

Moreld's (MORLD.OL) subsidiary Ocean Installer secured a four-and-a-half-year contract for the well tie-in scope of Equinor's (EQNR.OL) Bacalhau project in the Santos Basin.The contract, expected to be valued between 500 million Norwegian kroner and 1 billion kroner, covers the installation of rigid well jumpers between flowlines and subsea trees, flying leads installation, and related pre-commissioning activities, according to a Wednesday release.The industrial multi-disciplinary engineering group has planned the first offshore campaign for 2027.

$EQNR.OL$MORLD.OL

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