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Aker Kvaerner awarded three-year contract with GE Plastics

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In a partnering arrangement with GE Plastics, AK Engineering Services will provide maintenance related technical support, concept studies and basic designs and EPCm (engineering, procurement and construction management) services for small and medium-sized projects. The contract, estimated to require at least 120,000 man-hours over three years, will be executed from Aker Kvaerner's Antwerp office in Belgium.


"This is an important first step in developing AK Engineering Services' business in Europe. Our Antwerp team already has good experience with this kind of work and has developed an excellent relationship with GE Plastics. This is the perfect opportunity to expand our offering to cover our full asset lifecycle capability in Europe," said Malcolm Oliver, President of AK Engineering Services.


Jan van Andel, Technical Manager at GE Plastics, added, "We selected AK Engineering Services in Antwerp because of its in-depth knowledge of local conditions, coupled with its ability to tap into broader resources of the Aker Kvaerner group. AK Engineering Services has also demonstrated a strong focus on delivering a high quality, flexible, yet cost-effective service."


The project starts immediately and is scheduled for completion in September 2006.


Prior to this award, AK Engineering Services' Antwerp office was already executing the BPA integration project on the site.


ENDS


For further information please contact:
Vanessa Mourant, Aker Kvaerner, London, UK: Tel: +44 (0)20 7339 1064, Mobile: +44 (0)771 806566
Sarah Weyell, Aker Kvaerner, Stockton-on-Tees, UK: +44 (0)1642 602221


Aker Kværner ASA
is through its subsidiaries and affiliates ("Aker Kvaerner") a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner spans a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 6 billion and employs around 29,000 employees in more than 30 countries. The Aker Kvaerner group consists of many legally independent entities, constituting their own separate identities. Aker Kvaerner is used as the common brand or trademark for most of these entities.


AK Engineering Services
 is the trading name of Aker Kvaerner Engineering Services Ltd., and one of the core businesses of the Aker Kvaerner group in Europe. It provides total asset life cycle solutions including conceptual design, engineering, procurement, project management, construction and commissioning, through to operation and maintenance services, modifications and process improvements. Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.


GE Plastics
 is a leading global manufacturer and distributor of plastics resins and plastics shapes used in a number of key industries including automotive, computers, telecommunications, appliances, optical media, packaging, and building and construction. GE Plastics manufactures and compounds polycarbonate, ABS, SAN, ASA, PPE, PC/ABS, PBT and PEI resins.


GE Plastics has more than 40 plant sites and joint venture facilities worldwide. In addition, 19 technology and application development centres and more than 50 sales and service offices in over 20 countries around the world. Customers worldwide are served through regionally focused business centres led by its European Headquarters in Bergen op Zoom, The Netherlands and in the Asia Pacific region at its Shanghai, China Headquarters. GE Plastics employs about 11,000 people worldwide.
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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Refining and Chemicals

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