Aker Kvaerner to deliver Pusnes mooring equipment to Gjøa semisubmersible platform

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2 May 2007 - Aker Kvaerner has been awarded a contract for delivery of mooring winches and fairleads for Statoil's Gjøa Semi. The total contract value for Aker Kvaerner is approximately NOK 90 million.


The work will be undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner Pusnes in Arendal. The contract involves supply of on-vessel mooring equipment for Statoils Gjøa Semi to be installed at the Gjøa field in the North Sea. The equipment, Roller Ram Winches and Fairleads for chain are to be delivered and installed at Aker Kvaerner Stord.


Leif Haukom, President of Aker Kvaerner Pusnes, commented: "The award of this contract demonstrates Aker Kvaerner Pusnes as a leader in innovative design and manufacturing of well proven on-vessel mooring equipment".


Aker Kvaerner Pusnes is a dominant supplier of these very competitive systems to drilling and production facilities world wide and we are pleased to be chosen for this challenging project by Statoil".


Sixteen Roller RamWinches and sixteen underwater fairleads will be used to pull in and secure 150 mm chains used in the mooring lines. The equipment is based on Aker Kvaerner Pusnes' major experience in design and manufacturing of winches and fairleads for such kind of platforms.


Integrated safety features play a significant role in equipment of this type. These features include alarm systems, load monitoring, intelligent sensors and emergency stop.


The equipment will be manufactured in Europe with delivery between January and August 2008.


ENDS
 
For further information, please contact:
 
Media:
Siw Anett Enerud, Communication 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 Bjørn E. Klepsvik, tel.: +47 22 94 51 63


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 Pusnes is a world leader in design and supply of all types of deck machinery and mooring systems for marine and offshore applications. Aker Kvaerner Pusnes also develops Bow Loading Systems (BLS), equipment enabling shuttle tankers to receive and secure a mooring line and hose from an offshore production facility for loading of load crude oil. Aker Kvaerner Pusnes is also experienced in Stern Offloading Systems (SOL), equipment installed at the stern of an FPSO/FSO enabling transfer of the mooring line and hose to a shuttle tanker for loading of crude oil.


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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