Ratos company Aibel gets billion NOK assignment at Aasta Hansteen

2022-11-29

Aibel has by Equinor been awarded a billion NOK contract for extensive modifications and preparation of the Aasta Hansteen platform for tie-in of the Irpa field (previously Asterix). Aibel describes the contract as ’large’ ‒ a term used by Aibel when it comes to agreements in the order of NOK 1.5-2.5 billion.

Management and engineering will be carried out from Aibel’s office in Stavanger with the support of the offices in Oslo and Singapore. The project will employ a maximum of 200 people. In addition, the project will exploit synergies with Aibel’s existing maintenance and modification contract for Aasta Hansteen, which is led by the Harstad office. Prefabrication and module assembly will take place at Aibel’s yards in Haugesund, Norway and Thailand.

The EPCIC contract (Engineering, Procurement, Construction, Installation and Commissioning) was an option when Aibel last year was awarded the FEED contract (Front End Engineering and Design) to plan the modifications in detail.

“This contract together with the extension of the agreement for Johan Sverdrup means that Aibel has received two billion contracts with Equinor in a short time. It is proof of the companies' good cooperation and strong relationship. Aibel plays an important role in the energy supply of the future,” says Christian Johansson Gebauer, member of the Board of Directors of Aibel and President, Business Area Construction & Services, Ratos.

“The contract award is an acknowledgment to the organisation that has worked with the FEED. At the same time, it confirms Aibel’s leading position in modifications of infrastructure on the Norwegian continental shelf. We have a long history as main supplier within this area and look forward to providing an integrated solution in close cooperation with Equinor,” says Mads Andersen, President and CEO of Aibel.

Engineering work starts immediately, while the first offshore activities are expected already during February 2023. The project is expected to be completed in 2026.


For further questions, please contact:
Josefine Uppling, VP Communication, Ratos
+46 76 114 54 21, josefine.uppling@ratos.com


About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 28 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.