Kværner ASA: Kvaerner and Aker Solutions letter of intent for Johan Sverdrup phase 2
5 April 2018 - Kvaerner has in a 50/50 joint venture with Aker Solutions been awarded a letter of intent with Statoil for modifications of the riser platform and the field center for the Johan Sverdrup development. The project will provide extensive positive ripple effects for a wide range of Kvaerner's and Aker Solutions' subcontractors. At peak, the work will involve about 2 000 employees in the two companies as well as subcontractor personnel. The total value of the agreement is around NOK 3.4 billion. Kvaerner and Aker Solutions will, through a 50/50 owned joint venture, undertake