Aker Kvaerner Offshore Partner will be Statoil's contract partner for the two framework agreements, and the company's Bergen department at Sandsli will do the practical follow-up work.

The modification agreement comprises all disciplines when modifications are carried out at the plant - including electrical and instrumentation installations. Aker Kvaerner Elektro is partner for these disciplines. Aker Kvaerner Offshore Partner will have total responsibility covering everything from engineering to commissioning and installation (EPCI responsibility). This agreement will employ between 30 and 40 persons. The agreement also implies coordination of subcontractors in the insulation, scaffolding and surface protection disciplines and engineering of ground and concrete work.

The inspection agreement comprises inspection of pipes and static equipment in operations, non-destructive testing of welded joints carried out by the maintenance contractor, visual welding inspection, inspection of lifting tackle, inspection of painting/surface treatment and insulation/encasing. This agreement will employ between 15 and 20 persons.

ENDS

 

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 Offshore Partner AS is a turnkey contractor for the on- and offshore oil and gas industry. The company is engaged in front end studies, field development with new platforms and modifications to existing platforms, maintenance, modifications and operations contracts, field decommissioning and removal. Further information is available at internet www.akerkvaerner.com. Offshore Partner has 2200 employees; 1400 engineers and administrative personnel and 800 labour. Total revenue year 2004 was 3,7 billion NOK. The head office is located in Stavanger with regional offices in Bergen and Trondheim. Offshore Partner hold one subsidiary company, Aker Møre Montasje in Kristiansund.

 

Aker Kvaerner Elektro is a complete EPC supplier of electrical, instrument and telecommunications (EIT) to customers in the oil and gas processing industry onshore and offshore. The company possesses wide experience and expertise in its field and have a staff of 1,600 dedicated professionals committed to delivering optimum solutions. Aker Kvaerner Elektro is geographically co-located with our customers, and our goal is to create trust and long-term relations through being reliable, competitive, deliver quality and meet our customers' expectations.

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