Aker Kvaerner to modify Indian offshore platforms

Aker Kvaerner Powergas India Pvt. Ltd, owned 49 percent by Aker Kvaerner, will provide design engineering services to Larsen & Toubro for the proposed platform modifications associated with the pipeline replacement project of Oil and Natural Gas Corporation Ltd (ONGC) at the Bombay High offshore field. The scope of work includes pre-engineering survey, detail engineering associated with the modification of 59 platforms and interface management.


This is the third oil and gas engineering assignment received from Larsen & Toubro in the past 15 months. Aker Kvaerner Powergas' current work on the nine wellhead platforms for ONGC and the Bunduq Gas Injection facility in Abu Dhabi are nearing completion.


Dr. Rama Iyer, Executive Chairman of Aker Kvaerner Powergas India Pvt Ltd, says "The repeat order from Larsen & Toubro once again demonstrates the high level of customer satisfaction for the quality of our services and our commitment to meet a challenging completion schedule." 


The formation of the project taskforce is in progress and is expected to increase the workforce by an additional 50 personnel in the coming weeks.


Aker Kvaerner Powergas India, who employs a staff of 1 150 employees, continues to maintain its position as the leading engineering and construction company in India.   


ENDS


For further information, please contact:


Media:
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 comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting 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. Aker Kvaerner has aggregated annual revenues of approximately NOK 35.6 billion and employs approximately 22,000 people in more than 30 countries.
 
Aker Kvaerner Powergas has been operating in India for the past 40 years as an engineering and construction  (E&C)company. Currently it is providing design-engineering services to Aker Kvaerner offices in the U.K, USA and the Netherlands for projects in USA, India, Ireland, and the Netherlands. Aker Kvaerner Powergas has state of the art IT and communication links to provide high value engineering to global standards and has offices in Mumbai and Pune. The Company grew nearly 30 times in turnover in the last 15 years under the leadership of Dr Rama Iyer and continues to maintain its position as the leading E&C company in India. Aker Kvaerner Powergas employs approximately 1 150 people, mostly graduates and postgraduates in engineering science and commerce.

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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