Aibel

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Aibel AS
Private
Industry Petroleum
Founded 2007
Headquarters Stavanger, Norway
Key people
Jan Skogseth
- President and CEO
Helge Midttun
- Chairman
Products Maintenance and modifications onshore and offshore, field development, renewable energy
Number of employees
4,500 (20166)
Parent Ratos (32 %), Sjätte AP-fonden (18 %) and Ferd Capital (50 %)
Website Aibel

Aibel /ˈbəl/ is one of Norway’s leading service companies and a turnkey supplier of oil, gas and renewable energy projects. The company has more than 100 years of history, and has been an important partner in the development of the oil and gas industry since the first oil was extracted from the North Sea.

About Aibel[edit]

Aibel’s more than 4,500 employees engineers, builds, maintains and upgrades oil and gas production facilities. The company works with new and existing facilities onshore and offshore. Aibel is currently present at approx. half of the offshore installations on the Norwegian Continental Shelf, at three onshore facilities in Norway and delivers a wide range of services to operators all over the world; ranging from concept development, studies and field developments to modifications and maintenance of oil and gas installations.

Aibel’s headquarter is situated in Stavanger. The company also has engineering offices in Asker, Bergen, Harstad, Hammerfest, Haugesund, Kristiansund, Oslo and Stjørdal. Internationally, the company has established a recruitment office in Denmark and engineering offices in Singapore and Thailand. The company also has two major yards; one in Haugesund, Norway (former HMV) and one in Laem Chabang, Thailand.

Operations[edit]

About half of Aibel’s employees are engaged with maintenance, modification and operating services at existing oil and gas facilities on the Norwegian Continental Shelf. The company has several large, long-term maintenance and modification frame agreements. It also delivers stand-alone Modification projects, often involving installation of new modules.

Aibel also has a wide range of services within Field Development. The company develop concepts for e.g. onshore production facilities, FPSOs (Floating Production Storage and Offloading) and fixed platforms. Being a turnkey supplier, Aibel offers its clients the full range of services, including studies, project management, engineering, procurement, fabrication, installation, commissioning and completion. In August 2011, Aibel was awarded a major contract with ABB for the design and development of the DolWin Beta platform for a major offshore wind park off the coast of Germany. The platform will receive alternating current from wind parks and convert it into direct current before sending it onshore via subsea cables. The platform left Aibel’s yard in Haugesund August 2014. In February 2015, Aibel won the contract for the engineering, procurement and construction of the drilling platform for the Johan Sverdrup field. The construction work is now underway at the company’s yards in Haugesund and Thailand and at partner Nymo's yard at Grimstad, Norway.

History[edit]

Although Aibel as a brand and company name is relatively new, the company can look back at more than 100 years of heritage and history through companies like National Elektro, Elektrisk Bureau (EB), Haugesund Mekaniske Verksted (HMV), ABB and Umoe. The company has been an important partner in the development of the oil and gas industry since the first oil was extracted from the North Sea. Today, Aibel is an independent company owned by investor companies Ferd, Ratos and Sjätte AP-fonden.

FCPA violations[edit]

In November 2008, Aibel Group Ltd, the United Kingdom (UK) subsidiary of Aibel, agreed to pay a criminal fine of USD 4.2 million to the US Department of Justice (DOJ) for violations of the Foreign Corrupt Practices Act (FCPA). Aibel admitted to paying bribes to government officials at the Nigeria Customs Service, in exchange for preferential treatment which allowed the company to secure an improper advantage with respect to the importation of its goods and equipment into Nigeria which were needed for a deepwater oil drilling operation.[1]

Aibel admitted it had failed to comply with its obligations to implement an enhanced compliance programme and effective FCPA monitors, after it had entered into a deferred prosecution agreement (DPA) with the DOJ in 2007 for separate violations of the anti-bribery provisions of the FCPA with respect to its operations in Nigeria.[2]

See also[edit]

References[edit]

  1. ^ FCPA Enforcement. "Recent Enforcement Actions". FCPA Enforcement. 
  2. ^ The European Anti-Bribery Blog (23 November 2008). "Aibel Group Limited pleads guilty in the US second time around". The European Anti-Bribery Blog.