Aker Kvaerner is currently constructing the process facilities for the first phase, called the Experimental Programme, of the Kashagan field development project. "I'm extremely pleased to announce this letter of intent for the hook-up of the production facilities for the first phase of the Kashagan field development. It confirms our strong foothold in the region, a region which will continue to develop its huge natural resources rapidly," says Martinus Brandal, President & CEO in Aker Kvaerner.

The potential contract includes offshore hook-up and commissioning of the offshore facilities as well as inshore completion. In addition to the hook-up and commissioning of the process facilities, the offshore scope includes temporary living quarters for 1 200 people, offices for both the contractors and the client, tools and equipment as well as temporary barges for power generation, work air, tool sheds and warehouse.

Agip Kazakhstan North Caspian Operating Company (KCO) N.V., a company fully owned by Eni S.p.A., is the Operator of the appraisal, development and future production operations in the Kazakhstan sector of the Caspian Sea, including the giant Kashagan field, on behalf of seven international companies and under the North Caspian Sea Production Sharing Agreement (PSA).

Consortium companies: Eni S.p.A. (Agip Caspian Sea B.V. - Operator) 18.52%; JSC NC KazMunayGas (KMG Kashagan B.V.) 8.33%; ExxonMobil Kazakhstan Inc. 18.52%; Shell Kazakhstan Development B.V. 18.52%; Total E&P Kazakhstan 18.52%; ConocoPhillips (Phillips Petroleum Kazakhstan Ltd.) 9.26%; INPEX North Caspian Sea Ltd. 8.33%.

The Kashagan field, 80 km south-east of Atyrau is the first large-scale offshore petroleum development in Kazakhstan. Kashagan extends over an area of approximately 75 km x 45 km and is named after a 19th century Kazakh poet from Aktau. Kashagan is the largest oilfield discovered in the northern part of the Caspian Sea.

ENDS

 

 

Media:
Stein Inge Liasjø, VP Communications, Aker Kvaerner. Tel: +47 67 51 30 94, Mob: +47 464 02 353

 

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 Kjell Gauer, +47 51 93 70 45 

 

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 percent holding in Aker Kvaerner, Aker takes an active role in the development of its holdings.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com