Norway, June 30 -- Ocean Installer AS ("Ocean Installer"), a wholly owned subsidiary of Moreld ASA ("Moreld"), has been awarded a significant contract for the Balder Phase VI development under the company's Strategic Partnership with Var Energi:* The project is a subsea tieback to the Jotun FPSO, which started production this week* Part of Var Energi's Balder area hub development strategy* First oil from Balder Phase VI expected within 2026* Ocean Installer will execute SURF activities including the fabrication and installation of flexible flowlines and umbilicalsOcean Installer has been awarded a fast track EPCI (engineering, procurement, construction and installation) contract by Var Energi for the Balder Phase VI project for the further ...