Maritime Hydraulics' competence and drilling equipment will be central in the technological upgrading of the artificial island, situated on a oil reservoir, just outside Cuxhaven, Germany.

"This is an important delivery for Maritime Hydraulics and it shows that we are one of the worlds' leading suppliers of such advanced drilling solutions", says Roald Amundsen, the company's president.

The project was started at Maritime Hydraulics AS in March based on a Letter Of Intent. The delivery of the equipment is scheduled for early 2005.

ENDS

 

Media:
Geir Arne Drangeid, SVP Group Communications, Aker Kvaerner. Tel: +47 913 10 458
Roald Amundsen, President, Maritime Hydraulics. Tel: +47 90 69 74 50

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 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 21,000 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.

The Products & Technologies organisation in Aker Kvaerner unites the product supply companies in the group to a strong global supplier of products and services to the oil and gas industry. The organisation covers a wide range of products from downhole services to marine equipment, topside and land based systems and equipment. Products & Technologies will focus on the united strength to provide our customers with the best solutions and services.

 

Maritime Hydraulics is a leading supplier of drilling equipment and facilities. The head office is situated in Kristiansand, Norway. The company employs 600 people, of which approximately 200 are located outside Norway.
Maritime Hydraulics and Maritime Tentech joined forces in the year 2000. Maritime Hydraulics includes a project division of 100 highly skilled engineers, specialised in engineering, procurement and management of drilling facilities/modules.

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

Photo by RWE Dea AG