9 July 2007 - Aker Kvaerner has completed its two first offshore Sulphate Removal Units (SRU) commissioning in Brazil. This is an important milestone and this proves our ability to be a preferred player in commissioning projects offshore.

 

The work has been executed by the Aker Kvaerner subsidiary Aker Kvaerner Process Systems , who is a major supplier of water injection and SRU including services, successfully completed the SRU commissioning on Petrobras FPSO P50 with a capacity of 220,000 BPD of low sulphate water at the end of April 2007. This unit is the first delivered by Aker Kvaerner Process Systems to the Brazilian market.

In parallel, Aker Kvaerner Process Systems completed the commissioning of the second SRU supplied to the FPSO MV14 (FPSO Cidade do Rio de Janeiro) operated by MODEC, with a capacity of 120,000 BPD of low sulphate water. Performance guarantee testing was approved by the client.

Not only was the FPSO MV14 a fast track execution project during fabrication, it was also very time critical regarding system commissioning and getting the SRU plant operational to support the injection wells when hooked up. This shows the high level commitment and abilities of Aker Kvaerner Process Systems to deliver functional process modules.

The success of the commissioning work is very much due to the close cooperation between the Aker Kvaerner Process Systems offices in Norway and Brazil and utilizations of each locations inherent technical and cultural skills.

The operational SRU's are part of the IOR (Increased Oil Recovery) activities supporting Petrobras to maintain and increase the oil production in the Campos Basin.

In addition to the facilities in operation, Aker Kvaerner Process Systems is currently supplying similar equipment for another two Brazilian projects; The P-54 project, expected to be commissioned shortly, and the FPSO Cidade do Niteroi to be commissioned end 2008.

ENDS

 

 

Media:
Siw Anett Enerud, Communications manager, Aker Kvaerner Products & Technologies. Tel.: +47 95 19 34 15

 

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 Richard Reynolds, vice president global supply chain. Tel.: +44 1224 424868

 

Career opportunities:
Visit http://www.akerkvaerner.com/Internet/CareerCentre

 

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