Odfjell Technology Awarded Contract to Upgrade Heidrun B FSU
Odfjell Technology, a spinoff of Odfjell Drilling, has successfully secured a contract from OSM Thome to deliver upgrade and modification services on the Equinor-owned Heidrun B Floating Storage Unit (FSU). Odfjell Technology, a specialist in offshore operations, will provide engineering, construction, and installation services for various tasks associated with the upgrade project. The financial terms of the agreement have not been disclosed.
Services Provided by Odfjell Technology on Heidrun B FSU
Odfjell Technology’s scope of work on the Heidrun B FSU includes the implementation of a new volatile organic compounds recovery system and the replacement of an existing crane. The company’s versatile workforce enables them to undertake a comprehensive range of 21 tasks within this specific scope of work. Anne Siri Sævareid, EVP of projects and engineering at Odfjell Technology, expressed confidence in the company’s ability to successfully execute the project.
Odfjell Technology Begins Work on Heidrun B FSU Upgrade
Work on the Heidrun B FSU upgrade project has already commenced. Odfjell Technology is focused on providing the necessary engineering, construction, and installation services to facilitate the upgrades and modifications required on the Equinor-owned vessel. The project is expected to be completed in the first quarter of 2027. Odfjell Technology’s expertise in offshore operations positions them favorably to ensure the successful delivery of the upgrade project.
Financial Terms of Odfjell Technology’s Contract with OSM Thome Undisclosed
While the details of the financial agreement between Odfjell Technology and OSM Thome have not been revealed, the contract award further solidifies Odfjell Technology’s position as a leading provider of offshore services. The company’s success in securing the contract demonstrates their robust capabilities in delivering engineering, construction, and installation services. Despite the undisclosed financial terms, the contract is expected to have a positive impact on Odfjell Technology’s business.
Odfjell Technology Secures Second Contract in Two Days
In an impressive display of momentum, Odfjell Technology has announced its second contract award in as many days. The company recently signed an agreement with Repsol Norge for drilling services on the Yme Inspirer jack-up rig. The consecutive contract wins underscore Odfjell Technology’s reputation and ability to secure significant projects within the offshore sector. The company’s dedication to delivering high-quality services continues to attract the attention of industry players seeking reliable and competent partners.
In conclusion, Odfjell Technology’s contract with OSM Thome to upgrade and modify the Heidrun B FSU highlights their expertise in providing offshore engineering, construction, and installation services. The company’s versatile workforce and comprehensive range of abilities make them well-suited to tackle complex projects. With work already underway, Odfjell Technology is positioned to successfully complete the Heidrun B FSU upgrade within the specified timeframe. Additionally, their recent contract wins demonstrate their continued success and credibility in the offshore industry.
Analyst comment
Positive news.
As an analyst, the market can expect Odfjell Technology’s contract with OSM Thome to have a positive impact on their business. Their expertise and successful track record in offshore operations make them well-positioned to successfully complete the Heidrun B FSU upgrade. The consecutive contract wins also demonstrate their reputation and ability to secure significant projects, attracting the attention of industry players.
