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.
2022
Another record-breaker delivered
Aibel's largest ever delivery, the P2 process platform for the Johan Sverdrup field, is successfully delivered. 4,000 employees have undertaken approx. 20 million man-hours designing and building the 25,000-tonne platform. The share of renewables in Aibel's order backlog continues to grow with the award of new offshore wind contracts.
2021
Leading position within electrification
Aibel strengthens its position as a leading supplier within electrification of offshore and onshore installations after Equinor awarded Aibel a major electrification contract on the Oseberg field. For the first time, the share of renewables in Aibel's order backlog is now greater than the oil and gas share.
2020
Offshore wind pioneer
Aibel makes a breakthrough as an important supplier to the offshore wind industry. Aibel is awarded EPC contracts for the initial two converter platforms (and an option for the third) for the world's largest offshore wind farm at Dogger Bank.
2019
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
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
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
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
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
Investing in Hammerfest
Aibel AS invests in Hammerfest Maritime Service AS, with the Langset Group as the majority owner.
2008
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
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
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
Change of name to ABB Offshore Systems
2000
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
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
ABB Offshore Technology is formed
1987
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