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  • Jonas Wiström

    CEO


    +46 8 700 17 00
  • Josefine Uppling

    VP Communication


    +46 76 114 54 21

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    Ratos company Aibel awarded major contract on Hammerfest LNG

    Equinor has awarded Aibel an EPCI (Engineering, Procurement, Construction and Installation) contract for modification work at the Hammerfest LNG facility on behalf of the Snøhvit Unit partners. The contract has a total value of approx. NOK 8 billion.The Snøhvit Unit partners are: Equinor Energy AS (operator), Petoro AS, TotalEnergies E&P Norge AS, Neptune Energy Norge AS and Wintershall Dea Norge AS.The EPCI contract comprises engineering, procurement, construction and installation in connection with the Snøhvit Future project, and the scope includes a land-based compression facility and

    Ratos Company Aibel wins contract for the construction of unmanned platform on the Norwegian continental shelf

    Aibel has been awarded a contract by Aker BP for constructing the Munin platform (formerly Krafla) in the Yggdrasil area. The contract has a value of around NOK 7 billion.The contract is an EPChc contract where Aibel is responsible for engineering, procurement and construction connected with delivering an unmanned process platform, also known as an UPP.The project will be based on Aibel's FEED (Front-End Engineering and Design) for Krafla UPP, now Munin, which was awarded in 2021. Key priorities for the project have been safety in design, minimal maintenance requirements and

    Ratos company Aibel gets billion NOK assignment at Aasta Hansteen

    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

    Ratos company Aibel awarded extended frame agreement at Johan Sverdrup in the North Sea

    Equinor has decided to extend the maintenance and modification agreement (M&M) at Johan Sverdrup for the period 2023 to 2026. Aibel values the agreement as a significant contract. Aibel uses the term ’significant’ on contracts where the value for Aibel is between NOK 0.5 and 1.5 billion.In 2019, Aibel was awarded, together with Aker Solutions, M&M assignments at Johan Sverdrup until 2022 as a call-off in the companies’ existing M&M frame agreements. Equinor has now decided to extend this arrangement with both Aibel and Aker Solutions with duration until February 2026.“As the owner, we are

    Ratos company Aibel wins major offshore wind contract at Hornsea

    Aibel has been awarded a contract by the world leader in offshore wind, Ørsted, for two platforms for the Hornsea 3 project in the UK sector of the North Sea. Each platform represents a major (value over NOK 2.5 billion) contract for Aibel.The contract is an EPCI contract where Aibel’s responsibility is for engineering, procurement, construction, and installation in the delivery of two HVDC converter platforms. Hornsea 3 is Ørsted’s third project in the Hornsea Zone, where Hornsea 1 is operational and Hornsea 2 currently is nearing operation.The two platforms, Hornsea 3 Link 1 and 2, will

    Ratos company Aibel receives extension of Equinor frame agreement

    Equinor has decided to exercise a contract option for maintenance and modifications services on the Norwegian Continental Shelf (NCS). Aibel estimates that the value of the extension is approx. NOK 5.5 billion. Aibel will work on continuous improvements, digitalization of processes, and contribute to a sustainable development of the NCS.Aibel's frame agreements with Equinor for maintenance and modifications comprise work on ten offshore installations and five onshore facilities, and the agreements constitute a major part of Aibel's activities. The current agreements expire at the end of

    Aibel awarded another billion-kroner contract – renewables and electrification now account for 60% of order backlog

    Ratos company Aibel has been awarded another major contract with Equinor valued at more than NOK 4 billion. The contract pertains to engineering, procurement, construction and installation (ECPI) for the partial electrification of the Oseberg Field Centre and Oseberg South. The contract also includes an upgrade of the gas processing capacity at the Oseberg Field Centre. As part of this project, Aibel will continue to play a central role in decarbonising Norwegian oil and gas production.The contract was awarded following Aibel’s completion of the front-end engineering and design (FEED) of

    Ratos and other owners considering diversifying ownership of Aibel

    Aibel’s owners, including Ratos AB (publ) (“Ratos”), are considering the possibility of diversifying the company’s ownership, preferably through a listing on the Oslo Børs, in order to further accelerate its transition into the renewable energy industry. However, a final decision has not been taken.Ratos currently owns 32% of Aibel. The other owners are Ferd (50%) and Sixth AP Fund (18%). “Aibel has undergone an outstanding transition over the past five years with Mads Anderson as CEO. Its operations are stable, and half of the order book now comprises projects related to offshore wind

    Aibel awarded an additional offshore wind contract

    Aibel has again been awarded an offshore wind contract by the SSE Renewables and Equinor consortium, developing the world’s largest offshore wind farm in the Dogger Bank area in the UK part of the North Sea.Aibel is to provide the converter platform for the power transmission from the offshore wind farm to the shore. This in connection with the construction of the third phase of the Dogger Bank wind farm, Dogger Bank C. In 2019, Aibel was awarded a contract for two transformation platforms for the first phases of the project, Dogger Bank A and Dogger Bank B. The offshore wind farm in the

    Aibel awarded contracts for electrification of the Sleipner and Gina Krog fields in the North Sea

    In October 2019, Equinor awarded Aibel a FEED contract (Front-End Engineering Design) for electrification of Sleipner. The contract has now been extended to an EPCIC contract (engineering, procurement, construction, installation and completion) through an additional contract from Equinor. The EPCIC contract brings approximately 170 full-time equivalents over a two-year period at Aibel's office in Stavanger and at the yard in Haugesund. Equinor and its licensing partners have also made an investment decision on electrification of the Gina Krog platform and have awarded Aibel the EPCIC

    Ratos associated company Aibel wins offshore wind contract at Dogger Bank

    Ratos associated company Aibel has been awarded a major* contract by the SSE Renewables and Equinor consortium, who are developing the world's largest offshore wind farm in the Dogger Bank area in the UK part of the North Sea.Aibel will deliver two converter platforms for HVDC** (high voltage direct current) for the Creyke Beck A and Creyke Beck B projects. In addition, Aibel has an option for a third platform (the Teesside A project) at the same wind farm. “This is an important strategic milestone for Aibel. With this award, we confirm our position as a preferred supplier in the

    Aibel consortium wins major contract within offshore wind

    The grid operator TenneT has awarded a major contract to an Aibel/Keppel consortium for the supply of the HVDC* platform and onshore converter station of the offshore grid connection project DolWin5. ABB will supply the complete HVDC* electrical power system. The order value that is not public is one of Aibel's largest won contracts so far.Aibel’s scope within the consortium, in which they own 50%, is the engineering and procurement while Keppel’s yard in Singapore will be constructing the converter platform. Aibel will also install ABB’s HVDC conversion equipment, including commissioning,

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