Aker Kvaerner Subsea will deliver engineering, procurement and construction of steel tube umbilicals and associated equipments. The Fram Øst umbilical, which is tie-back to the Troll C platform, is approximately 20 km in lengths including both dynamic and static cross section.

The Vilje umbilical is a static umbilical and will be tied-back to the riser base at the Marathon's Alvheim FPSO.

Design, engineering, procurement and project management will take place at the Lysaker office. The manufacturing will be at the purpose built umbilical plant in Moss. Delivery of the two umbilical projects will be May-June 2006.

The North Sea is an important market for Aker Kvaerner Subsea and with this contract we show our position in this market segment.   

ENDS

 

Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 64 51 30 36 or Mob: +47 92 88 55 42

Kjell Garvik, VP Sales and Marketing Europe, KOP. Tel: + 47 67 82 64 44

Investor relations:
Lasse Torkildsen, Vice President IR, Aker Kværner ASA, 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.The Aker Kvaerner group consists 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.

Subsea is one of six business areas in Aker Kvaerner and is headed from Norway. Aker Kvaerner is a leading provider of subsea systems for oil and gas production. We support all aspects of a subsea field development from initial concept screening through front-end engineering, detail design, procurement, fabrication and manufacturing, assembly and test, installation, commissioning and life of field support.

Aker Kvaerner Susbea 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. Eureka Pump Systems, as part of Aker Kvaerner Subsea, has extensive project, engineering and production resources offering specialised pumping technology and products to the offshore, FPSO and subsea markets world wide. Eureka Pump Systems also serves the global subsea market with a complete range of Subsea Boosting products.

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