en.Wedoany.com Reported - Norwegian offshore construction and operations company Ocean Installer (part of the Moreld Group) has secured a contract from TotalEnergies to recover approximately 1,000 tonnes of subsea infrastructure.

According to the Moreld Group's classification, this contract is of a "large" scale, with a value ranging from NOK 100 million to NOK 500 million (approximately EUR 9 million to EUR 45 million). Offshore operations are scheduled for 2027. This is not the first collaboration between Ocean Installer and TotalEnergies; the two companies have previously established a cooperative foundation in several offshore projects..

"This contract reflects the strong relationship and trust we have built with TotalEnergies. It also demonstrates Ocean Installer's competitiveness and ability to deliver end-of-life projects," said Geir Austigard, CEO of the Moreld Group. "Decommissioning projects are expected to be a growth market for the Moreld Group in the future."

Kevin Murphy, CEO of Ocean Installer, added that this decommissioning project will further broaden the company's track record in facility decommissioning, applying the same engineering and project execution standards as its core business. As aging oil and gas facilities in the North Sea reach the end of their operational life, market demand for such decommissioning projects is expected to continue growing. This contract marks a significant step in Ocean Installer's ongoing expansion in this field. The award of this decommissioning project reflects TotalEnergies' recognition of Ocean Installer's technical capabilities and delivery performance.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com