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Aker Kvaerner supports BP project in Vietnam in safely achieving gas sales milestone

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Since November 2002, Aker Kvaerner, in an alliance with the Petroleum Technical Services Company (PTSC) has provided operations and maintenance support services upstream for the Lan Tay offshore production platform, and midstream at the Dinh Co onshore gas processing plant, located 120 km south of Ho Chi Minh City.

This role is alongside the earlier supplies of the subsea production system for the Nam Con Son field, including trees, controls and subsea manifold. The Aker Kvaerner companies continue to support Nam Con Son long term for service and maintenance of the subsea systems.

Mary Shafer Malicki, Director General of BP Exploration Operating Company Limited said, "Best-in-class performance has helped us to achieve this significant milestone and more importantly this was achieved with no lost time accidents during the 2 years continuous operation."

Aker Kvaerner Australia has a long term contract to provide technical support for the operation and maintenance of the offshore platform and gas terminal. The project team is responsible for overall project management, detailed engineering, procurement of equipment and bulk materials plus construction management of regular works on the facilities. The alliance personnel are an integral part of the team at both the platform and the gas terminal and have been instrumental in ensuring safe and reliable support from local service providers.

Tom Quinn, Managing Director of Kvaerner Oil and Gas Australia Pty Ltd said, "On Nam Con Son we have established operations and maintenance services that will set, and maintain, new standards for the petroleum and chemicals industry in this region."


The Aker Kvaerner unit that is part of the alliance with the Petroleum Technical Services Company and responsible for the described contract to provide technical support for the operation and maintenance of the offshore platform and gas terminal is Kvaerner Oil and Gas Australia Pty Ltd. Kvaerner Oilfield Products Australia Pty Ltd delivered the subsea systems and is now providing service for these systems.


ENDS


For further information, please contact:


Business Development:
Greg Hocking, Business Manager, Maintenance, Modifications and Operations, Aker Kvaerner Australia. Tel: +61 3 9272 3418
Steve Bailey, Managing Director, Kvaerner Oilfield Products Australia Tel: +61 8 9277 1234


Media:
Renee Mead, Communications Officer, Aker Kvaerner. Tel: (+1) 713 270 3618
Mob: +1 832 659 5934
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542


Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39


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 span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 21,000 employees in more than 30 countries.


The Aker Kvaerner group consists 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.


Oil, Gas, Process & Energy
 executes technology development, engineering and construction services for industries as diverse as Oil & Gas Onshore and Offshore Developments, Chemicals & Polymers, Pharmaceuticals, Government Services, and Mining & Metals. With an annual turnover of US$1.14 billion, Oil, Gas, Process & Energy (OGPE) business area of Aker Kvaerner employs more than 5,400 people operating worldwide.


Aker Kvaerner Australia
 is a leading project management and engineering contractor, providing industrial clients throughout the oil & gas, refining, chemicals, power, non-ferrous metals, iron ore and steel industries with design and project management services and innovative technology solutions. Aker Kvaerner Australia is organised as a subsidiary under the business area Oil, Gas, Process & Energy.

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

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