Subsea7 Secures Goliat Gas Export Contract with Vår Energi in Norway's Barents Sea, Valued at $150–$300 Million
2026-05-23 17:47
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en.Wedoany.com Reported - Subsea7 has been awarded a major offshore contract by Vår Energi for the Goliat gas export project in the Barents Sea, marking the first award under the newly signed strategic partnership between the two companies and OneSubsea. The project will support the export of gas from the Goliat field to the Hammerfest LNG plant on Melkøya via the existing Snøhvit pipeline network offshore Norway.

The contract scope includes the engineering, procurement, construction, and installation of a 12.7-kilometer, 10-inch uninsulated carbon steel pipeline, along with the installation of the required subsea infrastructure to ensure the safe connection of the gas export system to the existing network. Subsea7 stated that project management and engineering activities will commence immediately from its Stavanger office, with offshore installation planned for 2027 and 2028. The company classifies the contract as a major award, valued between $150 million and $300 million.

The contract represents the first operational step under the strategic partnership agreement signed by Vår Energi, Subsea7, and OneSubsea on March 26, 2026. Erik Femsteinevik, Subsea7's Vice President for Norway, said the project demonstrates the level of trust already established between the companies. He stated that the company is proud to have secured the Goliat gas export project contract, the first under the new strategic partnership agreement. He added that early engagement between the companies has created favorable conditions to generate value and deliver high-quality solutions for this important development.

From the perspective of offshore logistics providers and subsea contractors operating in the Norwegian Continental Shelf market, the award reflects continued investment in gas infrastructure despite long-term uncertainties surrounding Europe's energy transition. The Barents Sea continues to attract infrastructure investment related to Norwegian gas exports, particularly as operators seek to maximize the utilization of existing processing and pipeline systems connected to Melkøya and the Snøhvit network. In many ways, a project like Goliat resembles adding a new lane to an already busy highway—the infrastructure is already in place, but capacity and connectivity still need improvement.

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