- This award marks a major milestone in the company’s international growth strategy and its entry into the world’s largest subsea market.
  - The Bacalhau field is in the Santos Basin in ultra‑deep waters of 2,100 meters.
  - The award covers a 4.5-year duration, with options for extension and rigid jumper fabrication
  - Ocean Installer has recently established a Brazilian entity and onboarded its first local employees.

The awarded scope covers installation of rigid well jumpers between flowlines and subsea trees, flying leads installation and associated pre‑commissioning. The scope covers numerous wells over a 4.5‑year period, with the first offshore campaign planned in 2027.

Located in the Santos Basin, the Bacalhau field is developed in ultra‑deep water of 2,100 meters and is characterised by high reservoir pressure, making offshore operations technically demanding. As new wells are completed, they will be sequentially connected and brought on stream, requiring Ocean Installer to remain adaptable during execution.

Bacalhau is Equinor’s largest international offshore field and the first asset in the Brazilian pre-salt areato be entirely developed by an international operator.

“This award represents a step‑change for Moreld,” said Geir Austigard, Moreld CEO. “This is Ocean Installer’s first award in Brazil. The scope involves production‑critical work on a major international asset operated by Equinor, reflecting Ocean Installer’s ability to deliver safely, reliably and consistently over time”.

In parallel with the contract award, Ocean Installer has recently established a Brazilian entity and onboarded its first local employees, laying the foundation for a permanent and scalable local presence in the world’s largest global market for subsea projects.

“The long project duration provides a stable foundation to build our local organisation in Brazil. Brazil is an attractive market with a significant pipeline of subsea projects to be executed, and we see strong alignment between upcoming opportunities and Ocean Installer’s core competencies” said Kevin Murphy, Ocean Installer CEO.

Ocean Installer considers theBacalhau contract a strategic entry into Brazil and a key building block forlong‑term growth in the region.

*Moreld defines a “Significant”contract, as between NOK 500 million to 1 billion in expected value. The firmcontract value is estimated at the upper end of this interval.

About Ocean Installer

Ocean Installer is a leading marine construction company that specializes in providing installation services, as well as inspection, maintenance, and repair of offshore subsea infrastructure. With a workforce of approximately 300 employees, the company was founded by HitecVision in 2011 and has over 13 years of experience delivering large and complex subsea projects worldwide. Headquartered in Stavanger, Ocean Installer operates regional offices in key locations including Oslo, Houston, Aberdeen, and Dubai.

About Equinor

Equinor ASA is an international energy company headquartered in Norway. The company employs around 21,000 people worldwide. Equinor is already one of the world's most CO2-efficient producers of oil and gas. Equinor leverages strong synergies between oil, gas, renewables, carbon capture and hydrogen. Equinor participates in a consortium that has started the construction of the Northern Lights project, the world’s first full-scale and open-source CO2 transportation and storage project. The company has a growing portfolio in offshore wind with wind farms in Europe and the USA and is involved in various hydrogen projects throughout Europe.‍