Saipem, Havfram in Offshore Wind Partnership

Italian energy services company Saipem, Norwegian subsea services firm Havfram, and HVAS Invest Kappa AS (a company controlled by HitecVision) have signed a non-binding agreement to evaluate a potential collaboration in the development and construction of offshore wind farms.

“The parties share the common objective to create a wider value proposition by integrating a range of construction and operational services, based on the parties’ respective competencies and expertise,” Saipem said.

“In this context, the cooperation between the HitecVision-controlled Havfram and Saipem would build upon Havfram’s agile business model and consolidated expertise in the installation of offshore facilities on one side, and Saipem’s offshore wind EPCI capabilities, competencies, and assets on the other side,” the companies said.

“The initiative is consistent with Saipem’s 2022-25 Strategic Plan in that it aims at strengthening its value proposition for the offshore wind market identifying new and more profitable ways of execution, organizational and management models, also through the integration of the latest generation installation assets such as jackups,” Saipem said.

Also, the joint press release issued Monday also says that the agreement corresponds to Havfram’s objective to accelerate growth in its EPCI and service-oriented offering towards offshore wind.

“The parties will set up a joint team to study and develop the technical, organizational, financial and valuation aspects of the possible collaboration, targeting, if the conditions will be met, to reach a detailed definition of the business model and a final agreement by end of third quarter of 2022,” the partners said.

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