- The award covers four Wave 1 projects; Omega Sør, Brime, Tyrihans Nord and TWIN plus an optional scope at Tyrihans.
  - The scope covers design, engineering, fabrication and offshore works in 2027 and 2028

Ocean Installer has been awarded a large* contract by Equinor for the first “Wave” of subsea tie-back projects on the Norwegian Continental Shelf (NCS), as part of Equinor’s NCS2035 strategy. The strategy is aimed at delivering a step-change in project execution, targeting up to 50% reduction in both cost and lead time.

The award includes four projects under Wave 1: Omega Sør, Brime, Tyrihans Nord and TWIN. In addition, the contract includes optional scope at the Tyrihans field. Omega Sør, Brime and Tyrihans Nord are planned as flexible tie-back developments, while the TWIN project builds on the same concept as the Troll Phase 3 – Stage 2 development which is currently being executed by Ocean Installer.

The scope of work covers a broad range of SURF activities in 2027 and 2028. The scope is well aligned with Ocean Installer’s integrated capabilities spanning engineering, fabrication and demanding offshore installation scopes. Equinor’s ambition under the NCS 2035 strategy is to bring 6–8 subsea tie-back projects onstream annually. Projects for subsequent waves have already been identified, underlining the long-term opportunity set for efficient portfolio execution.

“I’m pleased to see that we are successful in securing this first portfolio of projects,” said Geir Austigård, CEO of Moreld. “We believe that Ocean Installer, together with the broader Moreld Group, is well positioned to support Equinor in delivering on its ambitious NCS2035 targets.”

“We are very supportive of Equinor’s new wave approach and believe this is the right way to significantly reduce cost and lead time for subsea tie-backs,” Kevin Murphy, CEO of Ocean Installer adds.

* Moreld defines a Large contract as between NOK 1-2 billion in value.

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.