"These recipients demonstrate the increasing technical edge that is required to explore and produce in ever-increasing water depths, and more remote and hostile environments. The products recognized in this year's Spotlight program will help bring offshore development to new depths - depths that just a few years ago seemed impossible." Says Rod Allen, OTC .05 Chairman

 

Aker Kvaerner Engineering and Technology in Oslo, Norway, has received an award for the technology design of the patented Stepped Diameter Tendon. The tendon provides the answer to many years of searching for how to extend the commercial application of Tension Leg Platforms (TLPs) to water depths beyond 1 200 meters. The challenge lies in that conventional steel tendons become heavy in the deeper waters and thereby consume the platform's payload capacity.

The Stepped Diameter Tendon technology applies well proven components in a new fashion. The lower sections are made up of small diameter, thick wall pipe that can withstand the hydrostatic head. The upper sections are made up of large diameter, thin wall pipe that has excess buoyancy to carry to the lower sections."

ConocoPhillips and Aker Kvaerner have entered a license agreement for the application of the Stepped Diameter Tendon concept for the Magnolia TLP.

 

Kvaerner Oilfield Products has received an award for their design of the patent-pending Carbon Fibre Reinforced Steel Tube Umbilical. The carbon fibre technology opens the door to cost effective dynamic applications and has been introduced to be used in umbilicals in water depths greater than 2 000 meters. The carbon fibre rods are used to enhance the axial stiffness of the cross section in the umbilical. Significant weight savings and improved axial stiffness to weight ratio are the key characteristics of this new product.

The technology is a spin-off from composite riser and tether technology that was previously developed by Aker Kvaerner and ConocoPhillips. The umbilical is the power and control lifeline in every subsea production system, connecting the topside and subsea systems with required utilities as hydraulic, electric, fibre optic and chemicals.

Aker Kvaerner has earlier this week announced the first order for the Carbon Fibre Reinforced Steel Tube Umbilical, which will be used by Anandarko Petroleum and Dominion Oil and Gas in their Independence Hub development in the Gulf of Mexico.

"These awards reflect Aker Kvaerner's strong focus on technology and are excellent examples of how we can create value for our customers and, together with them, rapidly commercialise new technologies" says President and CEO of Aker Kvaerner, Inge K. Hansen.

 

ENDS

Media:

Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel.: +47 67 51 30 36, Mobile tel.: +47 928 85 542

 

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.

 

Aker Kvaerner Engineering and Technology has about 800 employees and their main office is located at Lysaker near Oslo. The company has extensive experience and competence within development of technology and concepts, in addition to execution of larger projects. AK E &T has been involved in the development of most oil- and gas fields on the Norwegian Continental Shelf. The company has also played an active role in several terminal and onshore projects in Norway. AK E&T is presently involved in several international projects based on their competence and products, such as LNG terminals.

 

Kvaerner Oilfield Products 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. Kvaerner Oilfield Products' 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. Kvaerner Oilfield Products' capability is available for both new and existing fields either as individual activities or complete packages. Eureka Pump Systems, as part of Kvaerner Oilfield Products, 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