Order reserve counting NOK 1 billion

After adapting to a slow market and downscaling production capacity in 2021 and 2022, the company has now taken a big step forward.

After adapting to a slow market and downscaling production capacity in 2021 and 2022, we have now taken a big step forward. Altogether, our team has secured projects worth almost NOK 1 billion which will be carried out locally in Vestfold and Telemark over the next three years. The majority of orders are in Europe, but it will also be delivered to customers in West Africa and the Gulf of Mexico.

- Our core business is processing facilities that are on the seabed. We also want to use the expertise we have to do other projects, among others related to offshore wind and other renewable energy. We are also looking at the possibility of building carbon capture facilities on land, says CEO Fredrik Johannesen.

- This will not only secure existing jobs, but also create a range of new job opportunities in the company. We have already hired over 30 new employees this year, and now we are looking for approximately 50 new colleagues for our facilities in Tønsberg and Skien. This will result in a significant expansion of the workforce and contribute to strengthening the local community through increased employment. We look forward to starting up more exciting projects in the years to come," he concludes.