Aker Kvaerner awarded subsea boosting systems contract for Petrobras

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2 May 2007 - Aker Kvaerner has been awarded a contract to supply eight subsea boosting systems to Petrobras, Brazil's national oil company. The contract is worth approximately USD 25 million.


The scope of work comprises eight subsea boosting systems, including power distribution, vertical connection modules, tools, accessories and spares. All systems will be deployed in the Jubarte Phase II field, as part of its artificial lift system. Work will be completed from Aker Kvaerner's subsea facility in Curitiba within 14 months.


"This award is a major milestone for Aker Kvaerner in Brazil. Our subsea boosting technology is gaining worldwide recognition and we are happy to work together with Petrobras on this project", says Gustavo Gonçalves, Sales and Marketing Manager for Aker Kvaerner Subsea in Brazil.


Aker Kvaerner has extensive experience delivering subsea equipment in Brazil, having delivered more than 130 subsea trees to Petrobras since the start of operations in Brazil.


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


Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
 
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
 
Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact:
Roger Lunde, Vice President, Global Supply Chain. Tel: +47 32859478.
 
 
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 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
 

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