The scope to be performed by the Aker Kvaerner subsidiary, Aker Kvaerner Process Systems, will be engineering, procurement, construction, assembly, test and delivery of Aker Kvaerner's sulphate removal unit (SRU) and deaerator system.

Engineering will be executed from the office in Oslo, Norway. Construction, assembly and testing will be carried out at Aker Kvaerner's new manufacturing facility in Port Klang, Malaysia. This will be the first delivery of process technology from this new facility in Malaysia which is a benefit regarding the relative short distance to the client's office in Singapore.

MODEC is a leading provider of floating production facilities (FPSO, PSO and TLP) The FPSO will be capable of crude processing and gas separation and compression. The FPSO will have an oil storage capacity of 1,600, 000 barrels. The FPSO is expected to start the production in the field in the fourth quarter of 2008.

ENDS

 

 

Media:
Siw Anett Enerud, communications manager, Aker Kvaerner Products & Technologies. Tel: +47 22 94 71 92 Mob: +47 951 93 415

 

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

 

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact Richard Reynolds, vice president global supply chain. Tel.: +44 1224 424868

 

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.

 

Aker Kvaerner Process Systems is a global supplier of selected advanced process equipment and modules for treatment of well stream, oil, gas, produced water and solids for the upstream oil and gas industry. The product lines are mainly based on own proprietary/novel technology within, wellstream separation, heavy crude treatment, gas conditioning, MEG reclamation and regeneration, sulphate removal, VOC recovery, sand management systems and produced water treatment

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