CNOOC aims to develop the PY30-1 & HZ21-1 gas fields. The PY30-1 Gas Field is located approximately 250km South of Hong Kong, where water depth is about 195m.  The HZ21-1 Gas Field is located approximately 160km Southeast of Hong Kong, where water depth is about 115meters. KECS has been awarded the Basic Engineering (Phase 1) and Detailed Engineering (Phase 2) design of the complete 365kilometres long, 20 inch diameter X 65 Grade submarine gas export pipeline system.

KECS's project team will include over 15 subsea specialists from various disciplines such as materials, process, mechanical and subsea pipelines.  CNOOC have stated that they rate this as the most important offshore project to be awarded this year, and they are relying upon Aker Kvaerner's deliverance.

The work will be performed from KECS, Aker Kvaerner's centre of excellence for subsea pipelines in Singapore.  KECS has recently performed the design of three other major subsea pipeline systems in China, and this award brings their current order backlog to over 1,000km of submarine pipelines and associated subsea facilities in Asia and India.

END

Robert Shelton (Mr) - Direct Line No. (65) 6871-5694, Mobile (65) 9667-0705
Vice President Pipelines, Aker Kvaerner - Asia Pacific Region

M. Vilasini (Ms) - Direct Line No. (65) 6871-5141, Mobile (65) 9171-3789
Corporate Communications, Asia Pacific Region

Torbjorn Andersen (Mr) - Direct line (+1) 713 270 3618, Mobile (+1) 281 250 7286
Vice President, Group Communications, Aker Kvaerner 

 

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, Power, Pharmaceuticals & Biotechnology, and Pulping. 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 Oil, Gas, Process & Energy (OGPE) business area of Aker Kvaerner specialises in the provision of process technology, design, engineering, project management, procurement and construction.  With an annual turnover of US$1.14 billion, the OGPE business employs more than 5,400 people operating worldwide.  It offers the complete range of services that are necessary to realise global projects from conception to start-up.  These services include a portfolio of advanced process technologies, a full range of engineering studies (including bankable feasibility and environmental studies), total project management, engineering and design, procurement, construction, commissioning and maintenance services.

 Aker Kvaerner Asia Pacific with regional headquarters in Singapore comprises a network of operations in Singapore, Malaysia, Thailand, Indonesia and India, serving the principal markets of the Asia Pacific Region. Key strengths include extensive local knowledge and resources combined with the ability to mobilise the appropriate expertise for all types of projects. Approximately 400 staff are involved in front-end engineering design, detailed engineering and project management for development projects as well as maintenance and operations support. In addition, Aker Kvaerner Asia Pacific also undertakes turnkey EPIC (Engineering, Procurement, Installation and Commissioning) Projects.

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