Scope of work includes engineering, procurement and construction of two subsea trees with control systems, connections and overtrawlable structures. The equipment will be delivered in Q1 2009.

"We are pleased to be working with Repsol on this fast-track project. Repsol is a growing company with projects worldwide, so this is a good opportunity to position ourselves as a preferred partner for future opportunities," says Svenn Ivar Fure, senior vice president Trees / Processing & Boosting, Aker Kvaerner Subsea.  

The project is based on Aker Kvaerner's Standard Configurable Tree (SCTTM) - a tree system configured from standardised, stocked core components, which offers significant reductions in lead times.

"We introduced a standardised subsea tree system because we have an ambition to grab a larger share of the global stand-alone tree market. It is satisfying to see that the market responds positively to the initiative," added Fure.

The project will be managed out of Oslo, Norway. Subsea trees will be manufactured at Tranby, Norway, and control systems 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, senior vice president Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39, Mob: +47 911 37 194

 

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