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Aibel

  • Mads Andersen

    CEO

Aibel is a leading service company within the oil and gas industry and offshore wind industry. 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 nine offices in Norway, Denmark and South-East Asia. Aibel also operates two yards in Haugesund (Norway) and Laem Chabang (Thailand) with complete prefabrication and construction capabilities. Aibel has a strong market position based on the company’s integrated business model, which covers the entire value chain. Customers are primarily major oil companies operating on the Norwegian continental shelf.

Market

The market for maintenance and modification services for oil and gas production platforms has during recent years experienced a severe downturn, leading to low levels of activity and a need to restructure in the industry. Among Aibel’s competitors are Aker Solutions in Field Development, Kvaerner as well as multinational companies and Asian yards.

Sustainability

Aibel is committed to balancing its economic sustainability alongside its social and environmental responsibilities. The company focuses on sustainability 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 CR policy, Code of Conduct and environmental policies constitute its top governing documents.

Better efficiency and competitiveness

Given the weak market trend, Aibel has devoted itself to strengthening its competitiveness in recent years. In future, the focus will be to continue to improve Aibel’s delivery model to enhance efficiency and competitiveness, ensure high quality in the deliveries of existing project portfolios and win new contracts in both the oil, gas and wind segments. 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.