"This technology has enormous potential for the Gulf of Mexico and West of Africa - the installation of these pumps will extend the production lifetime of the field and increase the ultimate oil recovery for the operator," says Raymond Carlsen, Executive Vice President Aker Kvaerner Subsea. 

The contract comprises delivery of two complete subsea pump stations of the twin screw type, plus one spare pump to be installed at BP's King field in the Gulf of Mexico in 2007. The engineering, procurement and construction contract will include modules with manifolds, variable speed drives, topside and subsea control systems, topside lube oil hydraulic power unit and high voltage connectors and jumpers.

The subsea pumping system will be located in the King field complex, which ties in to the Marlin tension leg platform in the Gulf of Mexico. King is an oil field located approximately 29 kilometers away from the Marlin TLP in water depths ranging from 1500 meters to 1700 meters.

The pump station system will be manufactured at Aker Kvaerner Subsea's facility in Tranby, Norway.

"We were selected for this contract based on technology we have been developing since 1998, with the support of the Norwegian government's 'Demo 2000 program' and major oil companies - it has the potential to enhance production from new developments and producing fields worldwide, in both shallow and deepwater applications," concluded Carlsen.

ENDS

 

Media:
Stein Inge Liasjø, VP Group Communications, Aker Kvaerner. Tel: +47 64 51 30 94 or Mob: +47 464 02 353
Kjell Garvik, VP Sales and Marketing Europe, Aker Kvaerner Subsea. 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.

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 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 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.