RapidSolutionTM is a complete subsea tree system based on Aker Kvaerner Subsea's standard configurable tree (SCTTM). The new solution is built specifically for smaller subsea developments and tie-backs when developing resources close to existing offshore installations. The solution consists of proven standard stock components from the SCTTM, iConTM subsea control module and SB 18 ¾" wellhead system.

"We are reducing lead times as well as project risks and costs by utilising field proven configured components for this system. Our objective is a six-month delivery period," said John Macleod, vice president - trees, Aker Kvaerner Subsea, at the launch of the RapidSolutionTM at Offshore Europe in Aberdeen, UK.

The development of RapidSolutionTM also mirrors Aker Kvaerner's ambition to grab a larger slice of the global stand-alone tree market.

"The standard components provide a high degree of predictability with regards to execution, manufacturing and delivery. This is supported by dedicated stocking programmes that eliminate supply lead times. Both Aker Kvaerner Subsea and our customers will benefit from this," added Macleod.  

The RapidSolutionTM has already been slotted into Aker Kvaerner Subsea's 2008 manufacturing programmes. The system will be ready for delivery from Q3 2008.

Aker Kvaerner Subsea will this week be at stand number 453 at Offshore Europe in Aberdeen, UK.

ENDS

 

Media:
Endre Johansen, Communications Manager, Aker Kvaerner Subsea. Tel: +47 22 94 58 91, Mob: +47 416 10 605, E-mail endre.johansen@akerkvaerner.com

 

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39

 

Suppliers:
Roger Lunde, vice president, Global Supply Chain, Aker Kvaerner Subsea. Tel: +47 3285 94 78

 

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 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's capability is available for both new and existing fields either as individual activities or complete packages.

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