12/22/2017 Aibel - Wikipedia

Aibel
Aibel /ˈeɪbəl/ is one of Norway’s leading service companies and a turnkey
Aibel AS
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.

Type Private
Industry Petroleum
Contents Founded 2007

About Aibel Headquarters Stavanger, Norway

Operations Key people Jan Skogseth
History - President and
CEO
FCPA violations
Helge Midttun
See also - Chairman
References
Products Maintenance and
modifications
onshore and
About Aibel offshore, field
development,
Aibel’s more than 4,500 employees engineers, builds, maintains and upgrades renewable energy
oil and gas production facilities. The company works with new and existing Number of 4,500 (2016)
facilities onshore and offshore. Aibel is currently present at approx. half of the employees
offshore installations on the Norwegian Continental Shelf, at three onshore Parent Ratos (32 %),
facilities in Norway and delivers a wide range of services to operators all over Sjätte AP-fonden
the world; ranging from concept development, studies and field developments (18 %) and Ferd
to modifications and maintenance of oil and gas installations. Capital (50 %)
Website Aibel (http://www.ai
Aibel’s headquarter is situated in Stavanger. The company also has engineering
bel.com)
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
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
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12/22/2017 Aibel - Wikipedia

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
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
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
List of oilfield service companies

References
1. FCPA Enforcement. "Recent Enforcement Actions" (http://www.fcpaenforcement.com/documents/document_detail.as
p?ID=5488&PAGE=2). FCPA Enforcement.
2. The European Anti-Bribery Blog (23 November 2008). "Aibel Group Limited pleads guilty in the US second time
around" (https://web.archive.org/web/20120224103856/http://www.antibriberyblog.eu/2008/11/aibel-group-pleads-guilt
y/). The European Anti-Bribery Blog. Archived from the original (http://www.antibriberyblog.eu/2008/11/aibel-group-ple
ads-guilty/) on 2012-02-24.

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