The scope of work comprises three drilling riser systems, including tools and flotation, designed for use in 700 metres, 2000 metres and 2400 metres water depth, respectively. Deliveries of the risers will be completed from Aker Kvaerner's new state-of-the-art facility in Rio das Ostras, Brazil, for delivery within the next 17 to 30 months.

The drilling risers will be installed in three different rigs. Two of the rigs will operate throughout the Brazilian offshore coast serving long term contracts between Queiroz Galvão and Brazil's national oil company Petrobras. The third is analyzing opportunities to work either in Brazil or internationally.

"These awards represent another major milestone for Aker Kvaerner's risers business, As the first company to manufacture drilling risers in Brazil, Aker Kvaerner is supporting the development of Rio de Janeiro state industry and reinforcing its established position of strong supplier of subsea equipment in Brazil," says Raymond Carlsen, Executive Vice President Aker Kvaerner.

The agreements are signed between the Aker Kvaerner Subsea division of Aker Kvaerner Oil and Gas Brasil Ltda, Aker Kvaerner Subsea AS and the Queiroz Galvão Group.

ENDS

 

Brazil:
For further information about this project in Brazil, please contact Gustavo Gonçalves - Aker Kvaerner Subsea Brasil Sales & Marketing Manager, + 55 (21) 2122-4410 and/or Marcelo Taulois - Aker Kvaerner Subsea Brasil President, + 55 (41) 3227-8402

 

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact Roger Lunde, Vice President, Global Supply Chain, Tel:+47 32859478

 

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

 

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, 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 24 000 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 50 000 employees and NOK 80 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 Subsea's 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 Subsea's 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