Contract signed for the Gjøa semisubmersible platform

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23 November 2006 - Statoil and Aker Kværner has signed the contract worth approximately NOK 8 billion for the semisubmersible platform to be located at the Gjøa field offshore Norway. This is in accordance with the memorandum of understanding presented in Aker Kvaerner's disclosure to the Oslo Stock Exhange at 29 September 2006.


The scope of work to be performed by Aker Kvaerner will be detail design of topside and hull, procurement, construction and hook-up of topside, and mating of topside and hull. Detailed engineering will be headed from Aker Kvaerner's office in Oslo, and a significant part of the engineering hours will be carried out by Aker Kvaerner's engineering entity in Mumbai in India. In total, more than 500 Aker Kvaerner engineers will be mobilised to design the platform. Peak manning will reach approximately 2000 persons. The platform will be constructed at Aker Kvaerner Stord AS, who also is Statoil ASA's contract partner. Several Aker Kvaerner companies will deliver to Gjøa.


ENDS
 
For further information, please contact:
 
Media:
Stein Inge Liasjø, VP Communications, Aker Kvaerner. Tel: +47 67 51 30 94, Mob: +47 464 02 353
 
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner, Tel: +47 67 51 30 39
 
Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact Svein Folgeroe, Procurement Manager, Aker Kvaerner Stord, Mob: +47 951 97 513
 
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 41.4 billion and employs approximately 24 000 people in more than 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 50.01 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

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