Aker Kvaerner has delivered maintenance and modification services to all BP operated assets on the Norwegian Continental Shelf since 1999. A contract renewal was awarded to Aker Kvaerner in 2005 including three two year options whereof the first is exercised.  The contract period is extended until March 2009 with an expected contract value of NOK 600 million.

Scope of work includes front end studies, engineering, prefabrication and offshore installation and completion work on the Valhall, Ula, Tambar and Hod fields.

ENDS

 

 

Media:
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542

Bjørn Øistein Bergseth, VP Strategy, SAM and Communications, Aker Kvaerner MMO.  Tel: +47 51 89 75 74, Mob: +47 90 02 36 26

 

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39

 

 

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 41.4 billion and employs approximately 23 000 people in about 30 countries.

Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 40.1 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com