Under this contract Aker Kvaerner will perform Engineering, Procurement services and Construction Management services for small and medium size projects at the BP sites in Gelsenkirchen, Köln, and Marl with an option for Lingen also to participate. The duration for this agreement is five years with the possibility of further extension in terms of locations and duration.

"This is an important and strategic frame agreement for Aker Kvaerner," says Jarle Tautra, executive vice president in Aker Kvaerner. "This contract emphasises our strategic direction and our decision to be the contractor of choice for premier customers such as BP."

BP is an industry leader in Germany. Number one in retail of automotive fuels, number two in crude processing capacity. The petrochemical production capacity of the sites taking part in the initiative amounts to more than 11 million tons of product per annum, which represents more than 60% of BP's production capacity in Europe.

The contract, won after a detailed pre-qualification exercise and in competition between several international companies, forms part of BP's global initiative to improve its project execution performance in terms of capital productivity and EPCm efficiency.

"The co-operation between our companies will support efficient execution of small and medium-sized projects and stimulate synergies across the sites engaged in the initiative. We will establish close co-operation with the BP sites and BP's corporate organization to give them our best engineering and project management support and further develop our competence and knowledge of the German refinery and petrochemical industry," adds Tautra.

This frame agreement is part of several similar agreements Aker Kvaerner has won in the Benelux and Germany for companies such as General Electric and DuPont. Aker Kvaerner can draw on the network of competence and resources from its various business units within Germany, the Benelux and the UK. Aker Kvaerner is among the leading international contractors within the oil and gas and down stream industries and has about 22,000 employees in more than 30 countries.

Aker Kvaerner Netherlands B.V. has signed the contract on behalf of Aker Kvaerner businesses - AK Process and AK Engineering Services - which will be collaborating on the project.

ENDS

 

Sarah Weyell, Aker Kvaerner, Stockton-on-Tees, UK: +44 (0)1642 602221

Wim van der Zande, Aker Kvaerner, The Netherlands: Tel: +31 79 368 8343

Vanessa Mourant, Aker Kvaerner, London, UK: Tel: +44 (0)20 7339 1064, Mobile: +44 (0)7771 806566

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 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.

 

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.

We work with our 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.

 

AK Engineering Services is one of the core businesses of the Aker Kvaerner group in Europe.  It provides total asset life cycle solutions including conceptual design, engineering, procurement, project management, construction and commissioning, through to operation and maintenance services, modifications and process improvements.  Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.

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