Norway, June 26 -- Ocean Installer AS ("Ocean Installer"), a wholly owned subsidiary of Moreld ASA ("Moreld"), has been awarded a major* contract for the Balder Next New Wells Project under the company's Strategic Partnership with Vår Energi:* The project is a six single satellite well field expansion project tied back to the Jotun FPSO* Part of Vår Energi's Balder area hub development strategy* First oil from Balder Next New Wells is targeted within 2027 with project completion in 2028* Ocean Installer will execute all SURF (Subsea Umbilicals, Risers, and Flowlines) installation activities in addition to the previously awarded procurement of flexible flowlines and risers (EPC awarded in Q4 2025).* The value of this new award is defined as ...