As part of the deal, Aker Kvaerner's subsea business area will develop specially designed installation equipment for subsea trees as well as support tools for subsea interventions. In addition, Aker Kvaerner Subsea in Brazil will provide an offshore team to operate and conduct onboard installation and testing operations of subsea trees and associated equipment. Onshore support will be provided from Aker Kvaerner Subsea's Rio das Ostras base, in Brazil.

The contract between Aker Kvaerner Subsea and Aker Oilfield Services is a result of the latter entering a 5 + 5 year contract with Brazil's national oil company, Petrobras, to supply and operate a deepwater intervention vessel, called SESV, which is tailored for water depths up to 2000 metres.  

"The cooperation agreement with Aker Oilfield Services adds another string to our subsea bow," says Raymond Carlsen, executive vice president, Aker Kvaerner Subsea. "We will now be able to support quicker and more cost effective installations of subsea trees. Time savings on maintenance operations is another benefit." 

"This partnership is also a great example of how we can successfully combine the strengths and capabilities of the wider Aker family," adds Carlsen.

The SESV will undertake a broad range of services related to subsea equipment intervention - traditionally performed by deepwater drilling rigs. It comprises new solutions for effectively handling, testing, retrieving and installing subsea trees and related equipment in a safe and efficient manner in a challenging operating environment. This method provides up to 80 percent time saving on deep water subsea operations compared with conventional rig-based operations.  

Aker Oilfield Services is part of Aker and owned by Aker Kvaerner, Aker and DOF Subsea.

ENDS

 

 

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

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, SVP, Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39

 

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact:

Harald Grieg Riisnaes, vice president, Global Supply Chain, Aker Kvaerner Subsea. Tel: +47 67 82 68 18

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 24 000 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 40.27 percent 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