KOP Awarded Controls and Umbilicals for Dominion Triton/Goldfinger Project

Dominion will utilize the EH-Multiplex System to control three wells with an expansion capability for additional wells. The award includes the topside equipment consisting of a Master Control Station, a Hydraulic Power Unit and high-speed data retrieval from various subsea sensors. It also features the new generation of subsea electronic module (SEM), iConTM SEM that allows application software to be downloaded from the surface, while providing interfaces with remote intelligent infrastructure.

KOP will also provide a total of three umbilicals for this project. The 10,000-ft Gas-Lift Riser umbilical contains coated carbon steel tubes and a fibre-optic cable package. The Triton Main Field umbilical is 26,250 ft and the Gold Finger Infield umbilical is 12,250 ft.

The equipment is being manufactured for this USD 7 million project using KOP's revised GOM supply chain model. All three umbilicals are being manufactured in Mobile, Alabama, whereas the production control system will utilize manufacturing facilities in Aberdeen and Houston.

For further information, please contact:
Paul Shaw - Manager of Umbilical Sales and Marketing Manager. Tel: +1 713-685-5749
Jay Hursh - Manager Business Development. Tel: +1 713-685-5751

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.

KOP is a worldwide supplier of subsea products and services and integrated systems from front-end studies and engineering through fabrication, installation, maintenance and life-of-field support. KOP is an Aker Kvaerner company.

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