Aibel

  • Mads Andersen

    CEO

Aibel is a leading service company within the oil and gas, and offshore wind power industries. The company provides optimal and innovative solutions in engineering, construction, modifications and maintenance throughout the entire life cycle. Aibel’s skilled employees are located close to its customers at the company’s eight offices in Norway and South East Asia. Aibel also operates two yards, one in Haugesund (Norway) and one in Laem Chabang (Thailand) with complete prefabrication and construction capabilities. Aibel has a strong market position based on the company’s integrated business model that covers the entire value chain, including front-end engineering design (FEED), engineering, procurement, construction and installation.

Market

The market for maintenance and modification services for oil and gas production platforms has improved during the year, and the market for future expansion of offshore wind power, both wind farms and offshore power generation, is good. The market for electrification from land of oil and gas offshore fields is growing due to the environmental benefits.

Sustainability

Aibel focuses on the company’s social and environmental responsibility, and sustainability in general by being an attractive, safe and inspiring workplace for its employees, showing respect for the environment and its surroundings, working against corruption in all its forms, and creating value for its owners and clients. Aibel’s sustainability policy, Code of Conduct and environmental policies constitute its top governing documents and are based on the UN Global Compact’s principles for responsible business.

Better efficiency and competitiveness

Aibel has steadily worked to strengthen its competitiveness through enhanced productivity, digitisation and regular process reviews aimed at ensuring high-quality deliveries of existing project portfolios and a competitive advantage to win new contracts in the oil, gas and wind segments – which was also achieved during the past year. Aibel has a market-leading position, long-term customer relations and core expertise coupled with a strong business model in a market that has potential for growth.