Vår Energi enters strategic supplier partnership

Source: press release, 30 June 2022        

Strategic partners: from left, Odd Strømsnes, CEO Havfram; Luca Giommi, CFO Saipem Drilling Norway; Torger Rød, CEO, Vår Energi; and Vigleik Sexe, SVP Subsea Norway and Africa, Aker Solutions
Strategic partners: from left, Odd Strømsnes, CEO Havfram; Luca Giommi, CFO Saipem Drilling Norway; Torger Rød, CEO, Vår Energi; and Vigleik Sexe, SVP Subsea Norway and Africa, Aker Solutions (photo: Vår Energi)

Vår Energi ASA has entered a strategic partnership with Aker Solutions AS, Havfram AS and Saipem S.A for SPS/SURF deliveries, in preparation for record high activity level on the Norwegian Continental Shelf (NCS).

The strategic partnership with Aker Solutions, Havfram and Saipem covers fabrication, delivery, and installation of subsea production equipment for all Vår Energi operated assets and projects on the NCS.

Vår Energi CEO, Torger Rød, says, “We are very pleased to have secured such a strong team supporting us to develop our projects, through priority, competence, and capacity. Broader, long-term, and more open collaboration between suppliers and operators drives value creation. It reduces cost and increase efficiency and predictability. Strong partnerships with key suppliers will develop the most sustainable solutions and strengthen our competitiveness.”

The contract duration is 5 years plus two options of 2 years each – potentially up to 9 years.

New model
The strategic partnership model is built on a one-for-all and all-for-one principle and contrasts with the conventional model of separate contracts with split scope and responsibilities.

VP Contracts & Procurement in Vår Energi, Annethe Gjerde, explains, “We always push for operational excellence through sustainable solutions, and with a collaboration model like this, we will see more efficient and improved end-solutions. Strategic partnering and early involvement of the suppliers secure more efficient planning and implementation of projects. A strong partnership will provide added value for all parties, which we also see as part of the standardized supply chain behavior guideline developed by a joint industry effort facilitated by the Norwegian Oil and Gas Association.”

Vår Energi is seeking increased overall collaboration with suppliers throughout the value chain with a clear ambition of more sustainable and efficient production of oil and gas.

Vår Energi produce near 250 000 boe per day from a robust portfolio of 36 producing fields. With the producing fields and an active ownership in 148 licenses, the company is well positioned for value-adding growth – expecting a production growth to 350 000 boe by 2025.