Aker Kvaerner wins engineering services contract with BASF in Antwerp, Belgium

Aker Kvaerner will provide multi-discipline, detailed engineering services for a variety of operations and infrastructure requirements - covering small and medium size projects at the site. The duration of this agreement is for an initial period of three years, with the possibility of inclusion of some front-end study work as required.

"This is an important and strategic partnering agreement for Aker Kvaerner," says Mark Leggett, president of Aker Kvaerner's Engineering Services business. "The co-operation between partners will stimulate synergies and streamline activities. With our extensive multidiscipline engineering expertise, supported by our proven project execution methodology and our commitment to continual HSE improvement, we look forward to working with BASF to increase efficiency and create added value engineering."

Francis Dumez, Director of BASF's Site Engineering, confirms:  "We selected Aker Kvaerner as one of two partners because of the company's track record in similar projects, in-depth knowledge of local conditions, combined with its ability to tap into broader resources in its group. Aker Kvaerner also demonstrated a strong focus on delivering cost-effective, reliable and technically integrated engineering services."

This agreement is one of several similar agreements Aker Kvaerner has won in the Benelux and Germany. Aker Kvaerner can draw on the network of competence and resources from its various business units within the Benelux and the UK.

For further information please contact:
Media: Torbjorn Andersen, SVP Group Communications, Aker Kvaerner: Tel: +47 67 51 3036 Mob: +47 928 85 542

UK: Sarah Weyell, Aker Kvaerner, Stockton-on-Tees: Tel: +44 (0)1642 602221

Or  Vanessa Mourant, Aker Kvaerner, London: Tel: +44 (0)20 7339 1064 Mob: +44 (0) 7771 806566

1.        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.

2.        AK Engineering Services is the trading name of Aker Kvaerner Engineering Services B.V. a wholly owned subsidiary of AKER KVAERNER ASA and the legal entity responsible for the execution of the contract. AK Engineering Services provides total asset life cycle solutions including conceptual design, engineering, procurement, project management, construction and commissioning, through to operation and maintenance services, modifications and process improvements.  Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.

3.        BASF is the world's leading chemical company with customers in more than 170 countries, production sites in 41 countries and more than 81,000 employees. Headquartered in Ludwigshafen, Germany, where the company operates the world's largest integrated chemical complex, the BASF Group comprises more than 160 subsidiaries and affiliates.

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