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AKCS Offshore Partner awarded EPC and Campaign Maintenance Support Service contract for Husky Oil Operations Limited

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3 December, 2007 - Husky Operations Limited has awarded AKCS Offshore Partner the EPC and Maintenance Support Services contract in connection with the Production and Operations of the White Rose Field. The contract is valued at approximately CAN$75 million for a period of  five years, with option for renewals for fifteen successive periods of one year each.  AKCS Offshore Partner consists of Aker Kvaerner Offshore Partner AS (40%), SNC-Lavalin Inc. (40%) and G.J. Cahill and Company Limited (20%).  The total value to the AKCS consortium of the five year contract is approximately CAD 75 million.


The scope of the contract includes:
  • Engineering Design, Modifications & Support Services
  • Campaign Maintenance Services
  • Field Development Planning, Feasibility and Engineering Concept Development
  • Subsea and FPSO Moorings Support and Engineering Services
"AKCS Offshore Partner has had a long lasting cooperation with Husky through the partner's participation in the White Rose project and the existing Engineering Support and Related Services contract. The new contract confirms our competitiveness," says Mr. Harald Gulaker, AKCS Contract Sponsor.


The project management and engineering will be performed at the AKCS office in Atlantic Place, St. John's, Newfoundland and Labrador.


ENDS
 
For further information, please contact:
 
Media:
Torbjørn S. Andersen, SVP Corporate Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542


Bjørn Øistein Bergseth, VP Business Development & Communications, Aker Kvaerner Offshore Partner AS. Tel: +47 51 89 75 74, Mob: +47 90 02 36 26


Gillian MacCormack, VP Public Relations, SNC-Lavalin. Tel: 514 393 1000, E-mail: Gillian.Maccormack@snclavalin.com.


Debbie Chafe, G.J-Cahill & Company. Tel: 709 368 2125, E-mail: dchafe@gjcahill.com.
 
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39


Denis Jasmin, VP Investor Relations, SNC-Lavalin. Tel: 514 393 1000, E-mail: Denis.Jasmin@snclavalin.com.
 
 
AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.


The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 24 000 people in about 30 countries.


Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.27 percent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.
 
AKER KVÆRNER Offshore Partner AS, is a turnkey contractor for the on- and offshore oil and gas industry. The company is engaged in front end studies, field development with new platforms and modifications to existing platforms, maintenance, modifications and operations contracts, field decommissioning and removal.  
 
SNC-Lavalin Inc. is a wholly owned subsidiary of SNC-Lavalin Group Inc., (TSX:SNC)- one of the leading groups of engineering and construction companies in the world, a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. The SNC-Lavalin companies have offices across Canada and in 34 other countries around the world and are currently working in some 100 countries. www.snclavalin.com
 
G.J.Cahill & Company Limited, is one of Atlantic Canada's leading, multi-disciplinary construction organizations. With a solid track record and reputation for success, GJ Cahill has been involved with all major industrial projects in Atlantic Canada providing construction, startup,commissioning and maintenance services in the areas of electrical, instrumentation and mechanical. For more information, see www.gjcahill.com 
 
Husky Energy is a Canadian based, integrated energy and energy-related company headquartered in Calgary, Alberta. Husky Energy is publicly traded on the Toronto Stock Exchange under the symbol HSE. www.huskyenergy.ca
 
 
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com

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