Aibel

  • Mads Andersen

    CEO

Aibel is a leading supplier of offshore-based solutions and maintenance for the European energy sector. The company operates in the new-build market (Field Development) within offshore wind power and the oil and gas industry as well as within maintenance (Modification & Yard Services). Aibel thereby provides optimal and innovative solutions in engineering, construction, modifications and maintenance throughout the entire life cycle. The company’s skilled employees work close to their customers at the company’s eight offices in Norway and South East Asia. Aibel also operates two shipyards, one in Haugesund (Norway) and one in Laem Chabang ( Thailand) with complete prefabrication and design capabilities. Aibel has a strong market position based on the company’s business model, which 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 remained healthy, and the market for the expansion of offshore wind power – both of wind farms and offshore power generation – experienced strong growth during the year. The market for electrification from land of oil and gas offshore fields is growing thanks to its environmental benefits. 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.

The year

Aibel has steadily worked to strengthen its competitiveness through hanced productivity, digitisation and regular process reviews. This ensures high-quality deliveries of existing project portfolio and a competitive advantage to win new contracts in the oil, gas and wind segments. During the year, Aibel won two significant contracts within offshore wind power.

Sustainability

Aibel focuses on its social and environmental responsibility and sustainability in general. The company achieves this 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 are its top governing documents and are based on the UN Global Compact’s principles for responsible business.