One of award is with Hyundai Heavy Industries for design and supply of all inconel gas/glycol dehydration unit to to Adma Opco's Umm Shaif offshore field in the Emirates.

The second contract is with Maurel & Prom where Aker Kvaerner will deliver crude desalting facilities to Maurel & Prom's new crude production site in Gabon mid 2008.

The third contract has been awarded by BG Group. Aker Kvaerner will deliver two new glycol regeneration systems for their Miskar platform in Tunisia.

These contracts are undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner Process Systems in France who is a leading supplier of gas dehydration systems with a well proven track record.

"The award of these contracts has proven our competitiveness within deliveries of oil and gas treatment packages. Our reputation as a dependable and experienced supplier of oil and gas treatment packages was one of the factors for being chosen", says Lionel Waintraub, managing director of Aker Kvaerner Process Systems in France.

Aker Kvaerner Process Systems offer glycol gas dehydration systems designed to meet high dew point depression requirements, and the water rich glycol stream can be regenerated to high glycol concentrations.

The units involved will be fabricated is Korea, Morocco and France. These contracts were booked as order intake in second quarter 2007.

ENDS

 

Media:
Siw Anett Enerud, Communications manager, Aker Kvaerner Products & Technologies. Mob: +47 951 93 415

Lionel Waintraub, Managing director Aker Kvaerner Process Systems France. Tel: + 33 1 41928223 Mob: +33 6 07 36 94 00

 

Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. 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:
www.akerkvaerner.com/Career

 

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 23 000 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 40.1 per cent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.

 

Aker Kvaerner Process Systems is a global supplier of selected advanced process equipment and modules for treatment of well stream, oil, gas, produced water and solids for the upstream oil and gas industry. The product lines are mainly based on own proprietary/novel technology within, wellstream separation, heavy crude treatment, gas conditioning, MEG reclamation and regeneration, sulphate removal, VOC recovery, sand management systems and produced water treatment.

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