Aker Kvaerner awarded subsea contract for Petrobras

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11 April, 2007 - Aker Kvaerner has been awarded a contract to supply 18 subsea christmas trees to Brazil's national oil company Petrobras under the current frame agreement.  The contract has a value of approximately USD 50 million.


The scope of work comprises 18 dual bore subsea christmas trees, designed to 2 000 metres (6 500 feet) water depth. The subsea christmas trees, or valve control stacks, will be deployed in several key fields located offshore Brazil. Deliveries are to be completed from Aker Kvaerner's subsea facility in Curitiba.


 "This award confirms Aker Kvaerner's ability to fulfill our client's needs for delivery as well as our close cooperation with Petrobras", says Martinus Brandal, CEO and president of Aker Kvaerner.


Aker Kvaerner has extensive experience delivering subsea christmas trees in Brazil, having delivered more than 130 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 the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 55 000 employees and NOK 80 billion revenues. Aker owns 40.1 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.


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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