Aker Kvaerner Subsea will supply a 19.5 kilometre steel tube carbon fibre enhanced umbilical, including all surface and subsea terminations, to tie the deepwater "Q" gas field back to the Independence Hub development located in 2400 metres water depth. Aker Kvaerner is already delivering the first four carbon rod enhanced steel tube umbilicals to the Independence project in 2006 as part of the largest umbilical contract ever awarded. 

"Aker Kvaerner has an impressive track record in the supply of steel tube umbilicals and this innovative design specifically addresses the challenges faced by us with regard to the water depth plus the dynamic application," says Pete Stracke, Hydro's subsea project manager for the "Q" development.

"The advantages of Aker Kvaerner's world leading dynamic umbilical technology are clear - it is an enabling solution for deepwater fields and will become increasingly important as we move into deeper waters, " says Raymond Carlsen, executive vice president, Aker Kvaerner Subsea.

The umbilical project management, engineering, manufacturing will be performed at the Aker Kvaerner Mobile, Alabama, USA facility, with detailed dynamic analysis performed in Houston by the Aker Kvaerner Deepwater Group.  Delivery is scheduled for November 2006.

Under a separate contract Aker Kvaerner is also providing the subsea controls and distribution equipment for the "Q" field development.

The Independence Hub, in Mississippi Canyon Block 920, is the host for an initial 15 subsea wells belonging to the Atwater Valley Producers Group which includes Anadarko's Jubilee, Spiderman, Atlas, Vortex, Cheyenne and Mondo NW fields, Dominion's San Jacinto field, Kerr-McGee Oil and Gas Corporation's Meganser field and Hydro Gulf of Mexico's "Q" field.

ENDS

 

Media:
Renee Mead, Communications Manager, Aker Kvaerner Subsea. Tel: +47 67 82 6859, Mob: +47 4641 1705

Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39

Suppliers:
Ron Mitchell, Vice President, Supply Chain US Aker Kvaerner Subsea. Tel: +1 713 685 5813

Career opportunities:
Visit www.akerjobb.no

 

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, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of 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 20 000 people in more than 30 countries.

Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 40 000 employees and NOK 60 billion revenues. Aker owns 50.01 per cent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.

 

Aker Kvaerner Subsea is a leading provider of a complete range of surface and subsea solutions for the oil and gas industry - from concept screening and design through manufacturing, fabrication and commissioning. Aker Kvaerner Subseas' ability as a world-wide total system provider is backed by a wide portfolio of products which are maintained for the complete life of field. Aker Kvaerner Subseas' capability is available for both new and existing fields either as individual activities or complete packages.

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