Apply

What Apply does

Moreld Apply is a multi-discipline engineering company founded in 1979 and headquartered in Stavanger, Norway, specializing in maintenance, modifications, and operational support for offshore and onshore energy infrastructure on the Norwegian Continental Shelf (NCS). The company operates as the core engineering subsidiary of Moreld Group, which was acquired by McIntyre Partners and Velocity Partners from HitecVision in January 2024 and subsequently listed on Euronext Growth Oslo in December 2024 under the ticker MORLD. Moreld Apply serves approximately 50 clients across the energy industry, including Equinor, Aker BP, Lundin Energy Norway, TotalEnergies, Shell, ExxonMobil, Chevron, and Vår Energi, executing projects from offices in Stavanger, Bergen, Hammerfest, and Kraków, Poland.

The company's offering is organized into eight business units spanning the full asset lifecycle: Field Development, Maintenance & Modifications, Asset Management & Operations, Products & Solutions, Digitalization, Additive Manufacturing Technology, Clean Energy & Decarbonization, and Industry Services. Technical capabilities include an in-house Additive Manufacturing Center of Excellence with plastic-polymer 3D printing at the Moseidsletta facility, digital tools incorporating data analytics, artificial intelligence, VR, and Microsoft HoloLens, LEAN methodology for project execution, and decarbonization expertise spanning hydrogen, green ammonia, biofuels, and emission-reduction topside modifications. Notable quantified project outcomes include the FLX Future Energy installation on Statfjord C (targeting up to 100,000 tons/year CO2 reduction and 10–12 MW waste-heat power generation) and major project scopes such as Gina Krog Low-pressure Production (~260,000 man-hours) and Eirin Topsides Tie-In (~220,000 man-hours).

Moreld Apply generates revenue primarily through B2B professional services, including long-term frame agreements with major operators, EPCI contracts, and project-based engineering work sourced via competitive tendering and direct negotiation. Significant project contract values range from NOK 0.5–1.5 billion to above NOK 2 billion. A secondary hardware revenue stream comes from custom products such as mud mix hoppers, bulk storage systems, and control systems. Distribution is exclusively direct enterprise field sales — no resellers — supported by ISO 9001, ISO 14001:2015, EPIM JQS, and Achilles JQS certifications. On a combined basis (including the 2024 Ocean Installer acquisition), Moreld Group reported pro-forma 2023 revenue of US$600M+ and a contracted backlog of US$1 billion across 19 countries.

Name

Apply

Legal name

Moreld Apply

Website

https://apply.no

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Moreld Apply is a Norway-based multi-discipline engineering company serving oil and gas operators on the Norwegian Continental Shelf, delivering maintenance, modifications, EPCI services, and clean energy solutions to approximately 50 clients including Equinor and Aker BP.

Ownership category

akta.pro rank

Product category

Offshore Engineering Services

NAICS

Engineering Services (54133)

SIC

Services-Engineering Services (8711), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

Keywords

• Offshore engineering services
• Maintenance modification services
• Oil and gas EPC
• Energy decarbonization solutions
• Field development engineering

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Engineering Services: Multi-discipline engineering services spanning from concept development and studies through completion and commissioning. Services include field development, maintenance and modifications, and asset management and operations.
2. Frame Agreements: Long-term frame agreements with major energy companies like Equinor for maintenance and modification services, providing recurring project-based revenue over multi-year contract periods.
3. EPCI Contracts: Engineering, Procurement, Construction, and Installation contracts including significant projects like Edvard Grieg Topside Modification and hydrogen plant EPCI deliveries.
4. Products & Solutions: Custom products including mud mix hoppers, bulk storage systems, control systems and specialist support for offshore and onshore industries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Apply is a Norwegian multi-discipline engineering company delivering offshore and onshore services to the oil and gas industry from concept development through engineering, procurement, construction, installation, and commissioning. Service lines include field development, maintenance and modifications, asset management and operations, custom products and solutions, digitalization, additive manufacturing, clean energy and decarbonization, and industry services for new energy markets.

Product overview

Moreld Apply operates as a multi-discipline engineering company offering an integrated portfolio of services across the entire project lifecycle. The offering is organized into eight distinct but complementary business units: Field Development (integrated topside and subsea engineering), Maintenance & Modifications (offshore and onshore asset services), Asset Management & Operations (lifecycle support), Product & Solutions (custom products and technology integration), Digitalization (digital tools and AI/VR/HoloLens), Additive Manufacturing (3D printing center of excellence), Clean Energy & Decarbonization (hydrogen, ammonia, emission reduction), and Industry Services (multidisciplinary end-to-end execution). The company specializes in serving the Norwegian Continental Shelf energy sector, delivering services from concept development and studies through to completion and commissioning.

Differentiator

Problem solved

Functional benefit

Products and services

• Field Development Multi-discipline engineering services from concept studies through FEED, detailed engineering, procurement and follow-through into execution, supporting oil and gas operators in developing new offshore and onshore fields.
• Maintenance & Modifications Planned and unplanned maintenance, modification and onshore/offshore campaign execution on producing offshore and onshore assets, delivered through frame agreements and call-off contracts with major operators such as Equinor's EMOD and EPRO frames and the Aker BP Edvard Grieg topside modification EPCI.
• Asset Management & Operations Operations support, brownfield engineering and asset integrity services that extend field life, reduce operating cost and improve production regularity for producing assets.
• Product & Solutions Custom-designed fabricated products and engineered solutions built in Apply's facilities for operator-specific applications, including products for drilling and offshore operations such as mud mix hoppers.
• Digitalization Digital engineering service line applying data analytics, artificial intelligence, virtual reality and Microsoft HoloLens mixed-reality to design, planning, visualization and execution of customer projects.
• Additive Manufacturing Technology In-house Additive Manufacturing Center of Excellence delivering plastic polymer 3D-printed components and parts on-demand to shorten lead times, reduce environmental impact and serve offshore customers.
• Clean Energy & Decarbonization Clean-energy engineering solutions covering hydrogen, green ammonia, biofuels, low-pressure production and CO2 emission reduction, including execution of projects such as the Equinor Statfjord C FLX project delivering up to 100,000 tons/year CO2 reduction.
• Industry Services for New Energy Markets Specialist industry services tailored for new energy customers, supporting installation, modification and maintenance needs outside traditional oil and gas segments.

Quantifiable outcome

• CO2 emissions reduction of up to 100k tons per year through FLX Future Energy project on Statfjord C
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Hydrogen Solutions (HYDS)coreStrategic or Co-development Partner · 5 November 2025Moreld Apply signed a Letter of Intent with HYDS to act as EPCI partner for the KaupEx and HyFuel projects - two planned 20 MW facilities for production of green hydrogen. Moreld Apply will be responsible for engineering, procurement, construction, and installation of the two hydrogen plants. This partnership strengthens Norway's position in hydrogen and energy transition.
• Logan Energy LimitedcoreStrategic or Co-development Partner · 20 October 2022Moreld signed a Memorandum of Understanding with Logan Energy Limited for development and delivery of technical solutions and services for hydrogen applications. The cooperation aims to deliver complete hydrogen energy solutions for the Norwegian and Scandinavian market, including production technology, bunkering, refilling solutions, and energy system engineering services.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Worley: Australian-headquartered global energy, chemicals and resources project delivery and engineering services firm. Comparable in multidisciplinary engineering, modifications and energy-transition services, with major NCS exposure.
• TechnipFMC: Subsea, surface, onshore/offshore engineering and EPCI provider to the oil & gas industry. Comparable in integrated project delivery and NCS tie-back execution as well as decarbonization and hydrogen initiatives.
• Aker Solutions: Norway-headquartered engineering, procurement, construction and maintenance company serving oil & gas operators primarily on the NCS. Closely comparable in service portfolio (field development, modifications, subsea) and customer overlap with Equinor.
• McDermott International: US-based provider of engineering, procurement, fabrication, construction and installation services for offshore energy projects. Comparable in EPCI delivery on complex offshore platforms and subsea tie-backs.
• Wood (Wood plc): Global engineering and consultancy firm focused on energy and the built environment. Comparable in consulting, asset management, modifications and decarbonization project services across upstream operators.
• Subsea 7: Global subsea engineering, construction and services company. Direct peer via Ocean Installer adjacency: Apply's 2024 acquisition integrated subsea capabilities, mirroring how Subsea 7 operates in the NCS tie-back segment.
• Aibel: Norwegian offshore engineering and maintenance contractor operating out of Stavanger. Directly comparable scope (maintenance, modifications, EPCI on NCS platforms) and serves many of the same Equinor/Aker BP projects as Apply.
• Saipem: Italian-headquartered EPCI and drilling services company for energy and infrastructure. Comparable in large-scale offshore EPCI scope, asset life extension, and emerging energy-transition (hydrogen, CCS) offerings.

Broad incumbents

• Bilfinger: European industrial services provider with an established energy and process-industry maintenance/modifications franchise. Broadly comparable in maintenance, modifications and energy-transition services though not NCS-specialized.
• KBR Inc. US-listed engineering, government services and sustainable technology solutions provider. Comparable in energy EPCI and asset management, with relevant overlap in hydrogen, ammonia and CCS consulting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/wearemoreldapply
• LinkedInlinkedin.com/company/moreld-apply
• Instagraminstagram.com/moreld_apply

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Apply