The contract has been signed with Aker Kvaerner Offshore Partner. Aker Kvaerner Elektro and Aker Moere Montasje will also contribute in the execution. In addition,  Linjebygg Offshore AS will be subcontractor for insulation, scaffolding and surface treatment.

"Aker Kvaerner has had a long-lasting cooperation with Norske Shell through the existing maintenance and modification contract for the Draugen platform. The new contract confirms our competitiveness," says Mr. Tore Sjursen, President of Aker Kvaerner Offshore Partner.

Engineering will be done in Stavanger and Kristiansund, and prefabrication will mainly be done at Aker Moere Montasje's facilities in Kristiansund. The contract implies that Aker Kvaerner Offshore Partner and Aker Kvaerner Elektro will recruit about 20 people in Kristiansund within management and engineering. There will also be recruited key technical personnel in the Aukra/Molde region.

This contract signifies a strengthening of Aker Kvaerner's activities in Mid-Norway, and a strengthening of the group's  involvement in the onshore based maintenance and modification market for oil and gas.

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