The order is for two 2250 meter risers, with options for a third 2250 meter riser and optional additional length for each riser of 750 meters.  The risers are designed to operate in water depth down to 3000 meters. The project will be managed by Aker Kvaerner Subsea's umbilical and riser group in Mobile, Alabama, USA, with the first riser to be delivered in January 2008, followed by delivery of the second riser in January 2009.

The CLIP riser connector is a proven technology in deep water. Aker Kvaerner has successfully delivered the CLIP riser technology to Pride and Global for deep water operations.

The CLIP riser connector was developed by IFP (Institut Francais du Petrol) in the mid 1980s. Aker Kvaerner has an exclusive licence from IFP to sell, manufacture and deliver the CLIP system. 

This contract was signed and booked in the fourth quarter of 2005.

ENDS

 

 

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact:
Harald Wiken, Vice President Umbilical and Riser Systems, Aker Kvaerner Subsea. Tel: +47 67 82 62 56, Mob: + 47 913 23 041

 

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

 

Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. 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, 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 35.6 billion and employs approximately 22,000 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