27 April 2007 - Aker Kvaerner's focus on technology has been duly recognised by the 2007 Offshore Technology Conference (OTC).  Aker Kvaerner's PowerTrac® Cone Crusher(TM) and Aker Kvaerner's SeaBooster(TM) technologies have both won 2007 OTC Spotlight on New Technology Awards.

The PowerTrac® Cone Crusher(TM) (full press release attached) provides a new solution for cost efficient, safe and environmentally sound removal of scale from well completions.  Aker Kvaerner's SeaBooster(TM) (full press release attached) increases production rate of oil wells requiring local pressure support by injecting sea water.

The OTC Spotlight on New Technology Awards showcases advanced technologies for the offshore oil and gas industry. Companies exhibiting at this year's OTC submitted entries detailing why their innovative technology should be in the spotlight at OTC.

"We are proud to receive such important industry recognition for the innovation and value that is being created in our organisation," said Martinus Brandal, President & CEO Aker Kvaerner. "It is indeed a return on our long term investments in technology development and an encouragement to the talented and hardworking teams that stand behind all of Aker Kvaerner's successes."

Aker Kvaerner has recently announced investments in: a new pilot facility is based on Aker Kvaerner's Just CatchTM technology, which is considered to be a world leading concept for CO2 capture, a new manufacturing facility; a new high technology subsea manufacturing facility in Malaysia; a state-of-the-art upgrade of its subsea engineering and manufacturing facilities at Tranby in Norway; and a new purpose-built aftermarket facility in North Sam Houston Parkway West in Houston.  

The OTC winning technologies will be honoured at the Spotlight on Technology presentation on Monday, 30 April at the OTC at Reliant Stadium in Houston, TX. This will also mark the kick off to a week of numerous activities for Aker Kvaerner, which will be exhibiting its products and technologies, presenting papers and networking with partners and clients at the conference under the company vision, "Preferred Partner." For a more detailed programme of Aker Kvaerner's activities at OTC, please click here.

The Offshore Technology Conference (OTC) ranks among the largest 200 trade shows held annually in the United States, bringing together more than 50 000 industry leaders and buyers from more than 110 countries who all want to explore how technology, best practices, emerging trends and proven methods are impacting the transforming landscape of the offshore oil and gas industry. Visit Aker Kvaerner at booth 3155!

ENDS

 

 

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

 

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

 

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.

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