What Cecon does

Cecon Contracting AS is a Norwegian offshore and subsea contractor founded in 2005, headquartered in Oslo, with operations across the North Sea, Mediterranean Sea, West Africa, and Indian Ocean. The company delivers EPCI (Engineering, Procurement, Construction, Installation) and T&I (Transport & Installation) lump sum contracts across three primary verticals: offshore oil & gas (FPSO moorings, pipeline installation, rigid and flexible pipeline, wellhead platforms, decommissioning), offshore renewables (offshore wind, wave, and tidal cable installation), and telecommunications/data infrastructure (fibre optic cable installation and simultaneous burial for subsea telecom networks). Cecon positions itself as a "Lean and Nimble" alternative to Tier 1 contractors, delivering projects at lower cost and shorter lead times through an asset-light model that relies on chartering optimal vessels from operators like Havila, BOA, and Topaz, rather than owning expensive offshore fleet assets.

The company's technical foundation rests on a proprietary suite of custom installation tooling — including 36t tensioners, 300t payload offshore reels, a 500t transit payload fibre optic basket, modular stingers with 35°–40° departure angles, clump weights, hydraulic cutters, and mattress handling frames — maintained at the Eydehavn subsea base (operated by Nymo AS). The flagship asset is the Cecon Vigor, a 99.9m purpose-built cable lay support vessel with dual-fuel diesel/methanol electric drive, 2,800-ton cable cargo capacity, and 70-ton AHC crane, delivered in Q1 2026 and operated by Cecon for offshore wind and light construction services. The company employs a core team of 11–50 experienced engineers (averaging 20+ years in SURF) sourced from Technip, Schlumberger, Aker Solutions, Chevron, and DNV. Notable customers include Yinson (FPSO mooring projects in Angola and Nigeria), Tampnet (Norfest 750km fibre optic cable in Norway), Altibox, Zayo, Bulk Infrastructure, Equinor, Prysmian, and Seabased.

Cecon's business model is built on fixed-price lump sum EPCI and T&I contracts supplemented by equipment rental revenue. Customer acquisition is driven entirely by direct sales through the senior management team, leveraging industry networks and project reputation rather than digital marketing. The company is privately held, owner-managed by Managing Director Jo Braadlie, with no disclosed external institutional investors. Following a 2015 offshore industry downturn restructuring, Cecon has steadily expanded its capability — delivering its first full field development project in 2017 (Halk el Menzel, Tunisia), completing 30+ significant projects globally, and maintaining ISO 9001, 14001, and 45001 certifications through DNV.

Name

Cecon

Legal name

Cecon Contracting AS

Website

https://ceconcontracting.no

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Cecon Contracting AS is a Norwegian offshore and subsea contractor (founded 2005, Oslo) delivering EPCI and T&I lump sum contracts across offshore oil & gas, renewables, and subsea telecommunications. The company operates an asset-light chartered vessel model with proprietary installation tooling and a purpose-built cable lay support vessel (Cecon Vigor).

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPCI Lump Sum Contracts: Cecon Contracting primarily generates revenue through lump-sum Engineering, Procurement, Construction, and Installation (EPCI) contracts and Transport & Installation (T&I) contracts. Projects are delivered on a fixed-price basis, covering project management, engineering, offshore installation, and related services across subsea, surface, and mooring operations.
2. Equipment Rental: Cecon offers rental of its proprietary offshore installation tooling and equipment on both short-term and long-term basis to external clients, supplementing core project revenues.
3. Turnkey Contracts: Some projects are delivered as full turnkey contracts encompassing cable procurement, survey, installation, simultaneous burial, jointing, and testing services, providing bundled revenue across multiple service lines.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Cecon Contracting is an offshore contractor providing project management, engineering, and offshore/subsea installation services to the offshore oil & gas, renewables, and telecommunications industries. The company delivers lump-sum Engineering, Procurement, Construction, and Installation (EPCI) and Transport & Installation (T&I) contracts, covering fibre optic and power cable installation, FPSO mooring, subsea pipeline installation, decommissioning, moorings, and seabed intervention. It operates using chartered vessels and an inventory of proprietary installation tooling.

Product overview

Cecon Contracting is an offshore contractor offering a comprehensive portfolio of installation services and specialized equipment for the offshore oil and gas, renewables, and telecommunications industries. The company operates a fleet of chartered vessels including the new Cecon Vigor (Cable Lay Support Vessel), Havila Phoenix, Boa Deep C, Topaz Installer, Polar King, Normand Clipper, and others, complemented by an extensive equipment spread available for rental. Core services include Fiber Optic Cable Installation & Trenching, Power Cable Installation, FPSO & Floater Installation, Field Development, Decommissioning, Project Management & Engineering, Subsea Services, Surface Operations, Moorings Services, and Seabed Intervention. The company focuses on EPCI (Engineering, Procurement, Construction, Installation) and T&I (Transport & Installation) lump sum contracts, delivering projects at lower cost and shorter lead times than typical 'Tier 1' contractors. Key assets include specialized subsea equipment (Buoyancy Catcher, 36t Tensioner, Offshore Reels, Fibre Optic Basket, Clump Weights, Stinghers, Hydraulic Cutters, Mattress Handling Frames) and a subsea base facility at Eydehavn, Norway with 10,000m2 indoor and 15,000m2 outdoor fabrication areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Fiber Optic Cable Installation & Trenching Installation and simultaneous burial of fiber optic cables using proprietary lay-and-trench methods, including cable procurement, survey, and installation services for telecom and data infrastructure clients.

Quantifiable outcome

• Completed 30+ significant projects since 2005 across multiple ocean basins
• +2 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• AgalasminorStrategic or Co-development Partner · 5 May 2026Norwegian company Agalas took delivery of the Cecon Vigor cable lay support vessel (built by Sefine Shipyard in Türkiye) on May 5, 2026. The vessel will operate with Norwegian offshore contractor Cecon Contracting for offshore wind and light construction services. Agalas has two additional construction support vessels under construction at Sefine Shipyard.
• Nymo AScoreImplementation/ SI/ Consulting PartnerNymo AS owns and operates the Eydehavn offshore subsea base near Arendal, Norway. Cecon Contracting holds long-term rental and storage agreements with Nymo and has mobilised out of this base since 2006. The subsea base provides 10,000 m2 indoor fabrication area, 15,000 m2 outdoor fabrication area, a 200t gantry crane, 10.5m water depth, and 150m quay front — essential support infrastructure for project mobilisation and demobilisation.
• Havila (Havila Phoenix vessel operator)coreOthersHavila Phoenix, a 127.4m cable lay/construction vessel, has been used by Cecon Contracting on multiple projects including Scylla (2021), Havsil (2021), Zeus (2022), and Dirdal-Rennesøy (2023). Cecon maintains cooperation agreements with vessel owners and has excellent understanding of the short-term charter market.
• BOA (BOA Deep C vessel operator)coreOthersBOA Deep C anchor handling construction vessel (119.3m, 250t AHC crane) was used for the Dhirubhai-1 decommissioning project in India. Cecon benefits from cooperation agreements with vessel owners including BOA.
• Topaz (Topaz Installer vessel operator)coreOthersTopaz Installer (88.2m cable lay vessel, 3600t carousel) was used for the Baltic 1 cable project. Cecon maintains relationships with vessel operators and selects the most appropriate vessel for each project based on technical suitability, availability, and cost effectiveness.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Customer concentration

• LinkedInno.linkedin.com/company/cecon-asa

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Cecon