Aker Kvaerner wins contract for modification of Statoil Norne FPSO
1 February 2007 - Statoil has awarded Aker Kvaerner a contract for modification of the Norne FPSO topside for tie-back of the Alve satellite field. The contract is a full EPCI contract including engineering and procurement, through construction to installation. The contract value is approximately NOK 390 million and project completion is scheduled for March 2009.
The contract for the Norne - Alve modification project awarded by Statoil to Aker Kvaerner will be managed by Aker Kvaerner's regional office in Bergen, Norway. Part of the engineering work will be performed at Aker Kvaerner's regional office in Stjørdal, Norway. Design and procurement work has started subject to a Letter of Intent received 5 January 2007 and pre-fabrication of steel and piping will start in August 2007 at Aker Kvaerner workshops. The offshore installation work is planned for execution during 2008.
Maintenance and modification services is one of the core competencies of Aker Kvaerner, and is a key strategic area for the company in the North Sea and internationally. Aker Kvaerner has broad knowledge and experience within this market segment through long term contracts and execution of modification projects for the operating companies in the North Sea.
ENDS
For further information, please contact:
Media:
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Bjørn Øistein Bergseth, VP Strategy, SAM and Communications, Aker Kvaerner MMO, Tel. +47 51 89 75 74, Mob: +47 900 23 626
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
Career opportunities:
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www.akerjobb.no
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 41.4 billion and employs approximately 23 000 people in about 30 countries.
Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 40.1 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com