Valhall offshore platform contract to Aker Kvaerner
28 February 2007 - BP on behalf of the BP Licences has entered into final clarifications with Aker Kværner in a view to award contract for the steel substructure to the Valhall Re-Development Project in the North Sea. Contract award is subject to partner deciding to proceed and governmental approval of the plan for development and operation (PDO). PDO will be submitted to the authorities at the end of first quarter 2007. The contract value is approximately NOK 450 million. The contract will be executed by the fabrication yard Aker Kvaerner Verdal in Mid-Norway, and includes procurement,