The project involves plot clearance, utilities and tie-ins for a cogeneration plant that will be built on the site. The Pernis facility is the second largest Shell refinery and one of the ten largest in the world. "This project is very important to us," says Wim van der Zande, president of AK Process. "It is for one of our key customers in our home market and further demonstrates we have the ability and resources that make us capable to deliver integrated engineering, procurement and construction management from our local network of offices in Maastricht, Antwerp, Rotterdam and Cologne. This network plays a key role in delivering these services directly to our key clients."

The project, scheduled to be completed by mid-2007, will be executed in the Rotterdam office of AK Process, Aker Kvaerner's core European process business.  The project will involve a team of some 30 people, including support from AK Process office in Zoetermeer.

ENDS

 

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

Investor Relations:

Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel:+47 67 51 30 39

Netherlands: Wim van der Zande, Aker Kvaerner, Zoetermeer, Tel: +31 79 368 8434

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 businesses within Aker Kvaerner span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 22,000 employees in more than 30 countries.

The Aker Kvaerner group consists 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.

2. AK Process is a trading name of Aker Kvaerner Netherlands B.V., the legal entity responsible for the execution of the work.  AK Process is one of the core businesses of the Aker Kvaerner group in Europe.  AK Process serves the chemicals and polymers, refining and onshore oil & gas industries.  It provides the full life cycle of a project from concept studies, through to design, engineering, project management, delivery of process technologies, procurement, construction and maintenance services. As a pure project execution/EPC specialist, AK Process can provide customers with strategic 'one-off' services or full turnkey solutions under a single project management control.

The company works with its customers in the development of major technological innovations, having participated in the conceptualisation and implementation of ideas, which are the foundation for world-class production facilities.

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