Our story

Aibel has roots dating back more than a century

Companies such as Elektrisk Bureau, Haugesund Mekaniske Verksted (HMV), Umoe and ABB were all forerunners of Aibel as it is today.

Our company is owned by Ferd (50 percent), Ratos (32 percent) and Swedish pension fund the Sixt AP Fund (18 percent). Ratos manages the pension fund’s ownership stake.

In addition, Aibel owns 40 percent of the company Deeline outside of Pattaya, Thailand and 50 percent of EMC (Egyptian Maintenance Company), in Cairo.

Aibel has played an important role in the development of the oil industry and is now an independent and forward-looking company.

Here is our story.

2019

Dolwin5 16 9 Aibel

More offshore wind power

Aibel takes a new important step into the offshore wind industry when the company and partner Keppel FELS are awarded the contract the offshore wind converter platform for the Dolwin 5 project. The project also includes an onshore converter station.

2018

DJI DNG 0021 credit Espen Rønnevik og Roar Lindefjeld

Record Project Johan Sverdrup

Aibel delivers the drilling platform for the Johan Sverdrup field and is awarded the contract for the P2 process platform - the two largest projects to date for Aibel. Aibel's Johan Sverdrup portfolio also includes hook-up activities and two Power from Shore projects, and has an overall value of NOK 25 billion.

2016

VEM Kårstø 16 9 Øyvind Sætre

Large presence on Norwegian Continental Shelf

Aibel is a major player in the market for modifications and maintenance, illustrated by the long-term frame agreement with Equinor. The contract is renewed with effect from spring 2016 and runs to 2022 with options for extension. This means that Aibel is active on half of the offshore installations and on five land-based plants.

2015

Dol Win 1

Offshore wind platform delivered

DolWin beta, Aibel’s first offshore wind converter platform, leaves the yard in Haugesund and is installed on German sector. It is the first visible proof of Aibel’s role in the ongoing energy transition.

2013

Ship repair 3

New owners

Herkules Capital sells its shares in Aibel. The Swedish company Ratos and Sjätte AP-fonden now represent 50 per cent of the total ownership interests in Aibel. Ferd owns and controls the remaining 50 per cent.

2009

Aibel Hammerfest 2470 1

Investing in Hammerfest

Aibel AS invests in Hammerfest Maritime Service AS, with the Langset Group as the majority owner.

2008

Aibel profile

Capital injection

Aibel Group Limited receives a capital injection of NOK 600 million from its owners. Aibel Group Limited is subsequently demerged to two separate legal and operating units; Aibel AS and Aibel Group Limited.

2007

Main building Haugesund

Aibel acquired

August: Aibel Group Limited is founded as an independent company. June: Aibel is acquired by Norwegian investors through Ferd and Herkules Capital.

2004

Aibel profile

ABB Offshore Systems sold

The new holding company, Vetco International Limited, is founded. ABB Offshore Systems is one of two subsidiaries and its name is changed to Vetco Aibel AS. The second subsidiary is Vetco Gray

2002

Main building Haugesund

Change of name to ABB Offshore Systems

2000

Risøya 2

ABB takes over Umoe

ABB purchases oil and gas installations from Umoe ASA. Umoe has a long history of providing services to the Norwegian oil market and the company is particularly involved in modifications and maintenance. This also implies that ABB takes over the offshore yard in Haugesund.

1999

Laem chabang full

New opportunities in South East Asia

The yard in Thailand is opened and increases the construction capacity. At the same time, it provides new opportunities to serve the offshore market in South East Asia.

1993

Credit Øyvind Hagen Statoil Heidrun aerial 1159841

ABB Offshore Technology is formed

1987

Oseberg 3

Growing in the oil and gas sector

ABB becomes the majority owner of Elektrisk Bureau (EB). The oil and gas sector is gradually built up over the next few years.

1900

Haugesund Mekaniske Verksted (HMV) is founded

1882

Elektrisk Bureau (EB) is founded