President of Aker Kvaerner China, John McClellan comments, "This is a very significant award for Aker Kvaerner and will represent the largest project we have been involved with in China. This award speaks very well for the  team of professionals we have working for Bayer in Caojing for the past eighteen months - their performance on Bayer's DPC facility was a key factor in Bayer selecting Aker Kvaerner to undertake this work. Aker Kvaerner Project Managers, George Heng and Wang Xin have done an outstanding job in leading our team at Caojing." 

The revenue associated with this contract will be a based on the number of personnel Aker Kvaerner assigns to the project and the actual length of their assignments. 

This project provides a substantial backlog for the Aker Kvaerner China operations over the next two and a half years.

This contract was signed and booked in Q4 2005.

ENDS

 

 

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact Stan Bogiel, Tel.: +1 713 270 2519

 

Media:
HoeWai Cheong, VP Business Development, Aker Kvaerner China. Tel: +86 21 5081-8811, Mob: +86 13916302699

John McClellan, President, Aker Kvaerner China.  Tel: +86 21 5081 8811, Mob: +86 13816882995

Donna Rougeaux, Communicaiotns Manager, Aker Kvaerner Oil, Gas, Process & Energy.  Tel: +1 713 270 2407, Mob: +1 832 277 6955

Torbjorn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 92 88 55 42

 

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 China maintains operational offices in Shanghai and Beijing. The company's main business areas include chemicals, polymers, pharmaceuticals and oil & gas projects. Aker Kvaerner China also actively seeks work in other business sectors such as metals, mining, water and waste water treatment and transportation projects. Aker Kvaerner China possesses the local knowledge, through its in-country operations, and a current and thorough understanding of key issues required to ensure the successful execution of projects in China.

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