Energy services company Three60 Energy has secured a new long-term project support agreement with Vår Energi, according to Splash247. The contract will sustain offshore energy logistics activities in the North Sea region.
The agreement has an initial term of four years with options to extend, Splash247 reported. Three60 will continue to provide project support across the drilling, wells, and subsurface disciplines. According to the company, the support will contribute to the safe and efficient planning and execution of Vår Energi’s operations.
Contract Details
| Aspect | Detail |
|---|---|
| Contractor | Three60 Energy |
| Client | Vår Energi |
| Initial Term | Four years |
| Extension Options | Yes, available |
| Scope | Project support for drilling, wells, and subsurface |
| Region | North Sea (implied by Vår Energi's operations) |
“This new agreement reflects a relationship built over many years, and above all, the work our people put in every day to deliver the quality and flexibility our customers need,” said Jarle Veshovde, managing director at Three60, as quoted by Splash247.
Operational Implications for Logistics
For logistics managers and freight forwarders involved in upstream oil and gas supply chains, such long-term contracts signal stable demand for offshore support services. Three60's work will involve coordinating equipment, materials, and personnel for drilling and well operations. This can affect supply vessel scheduling, material handling, and crew transport in the North Sea. The contract's duration provides planning certainty for subcontracted logistics providers.
Watch List
The options to extend the agreement beyond the initial four years could influence future logistics planning for both companies. Any changes in Vår Energi's drilling program or Three60's subcontractor network may impact the volume and frequency of offshore logistics movements.
Sources:
