Aker Kvaerner wins Rosetta Phase 3 subsea umbilicals
23 October 2006 - Rashid Petroleum Company (Rashpetco) has awarded Aker Kvaerner a contract to supply five umbilicals to the Rosetta Phase 3 gas development in the Rosetta Concession, offshore Nile Delta, Egypt. The contract is valued at NOK 130 million. Work has already started on the steel tube umbilicals totalling approximately 43 kilometres in length to be manufactured at Aker Kvaerner Subsea's facility in Moss, Norway. Delivery of the umbilicals is scheduled for the third quarter of 2007. "This contract builds on our growing activity in the region and our position as the market