The work comprises installation of the mooring system, transportation and installation of the Gjøa Semi.

"We look forward to start this project work which is the second significant floater installation contract won within just a few days. We appreciate the confidence we are given by StatoilHydro, which will help us to develop our capabilities further along with our strategy; to be the preferred floater installation contractor", says Torgeir Ramstad, President of Aker Marine Contractors.

Pre-installation of the 16 leg mooring system will be executed in 2009, while tow to field and installation of the Gjøa Semi will be executed in 2010.

The highly specified offshore construction vessel BOA SUB C, chartered by Aker Marine Contractors will be installing the heavy mooring system, whilst other vessels will be sourced from Maersk Supply Service. The planning and engineering will commence in January 2008.

ENDS

 

 

Media:
Siw Anett Enerud, Communications manager, Aker Kvaerner Products & Technologies. Tel.: +47 22 94 71 92, Mob: +47 95 19 34 15

 

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

 

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact Richard Reynolds, vice president global supply chain. Tel.: +44 1224 424868

 

Career opportunities:
Visit http://www.akerkvaerner.com/Internet/CareerCentre

 

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 Marine Contractors provide marine operational and contracting services to the oil and gas industry world-wide. These services include concept development, detail engineering, procurement, fabrication, and the performance of marine operations such as sub-sea construction and installation activities. Aker Marine Contractors shoulder the responsibility for substantial values, especially when towing and installing floating facilities, gravity base structures, and platform decks. Aker Marine Contractors together with partners possess the competence and the specialised equipment needed to successfully plan, engineer, and install subsea structures, risers, umbilicals, flowlines and mooring systems in ultra-deep waters.

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