Major umbilical contract to Aker Kvaerner
6 July 2007 - Aker Kvaerner has signed a contract with Subsea 7 Norway for the manufacturing and supply of steel tube umbilicals for Norsk Hydro's Vega and Troll O2 developments in the North Sea. The contract, worth NOK 434 million, is one of Aker Kvaerner's largest stand-alone umbilical contracts to date.
Aker Kvaerner Subsea will deliver approximately 60 kilometres of static and dynamic umbilicals to Subsea 7 for their developments at Norsk Hydro's Vega and Troll 02 fields. Umbilicals for the Troll O2 project represents NOK 33 million of the total contract value.
"This order further confirms our position as the leading supplier of steel tube umbilicals worldwide," says Raymond Carlsen, executive vice president, Aker Kvaerner Subsea. "It shows yet again that we are capable of serving customers that require large volumes. We are of course delighted and proud to secure a contract of this size".
Work on the umbilicals will commence immediately. They will be manufactured at Aker Kvaerner Subsea's facility in Moss, Norway. Delivery is scheduled for April 2009.
ENDS
For further information, please contact:
Media:
Endre Johansen, Communications Manager, Aker Kvaerner Subsea. Tel: +47 22 94 58 91, Mob: +47 416 10 605
Endre Johansen, Communications Manager, Aker Kvaerner Subsea. Tel: +47 22 94 58 91, Mob: +47 416 10 605
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
Suppliers:
Roger Lunde, Vice President, Global Supply Chain, Aker Kvaerner Subsea. Tel: +47 32 85 94 78
Roger Lunde, Vice President, Global Supply Chain, Aker Kvaerner Subsea. Tel: +47 32 85 94 78
Career opportunities:
Visit http://www.akerkvaerner.com/Internet/CareerCentre
Visit http://www.akerkvaerner.com/Internet/CareerCentre
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 and Power Generation. The Aker Kvaerner group is organised in 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 50 billion and employs approximately 23 000 people in about 30 countries.
Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.1 per cent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.
Aker Kvaerner Subsea is a leading provider of a complete range of surface and subsea solutions for the oil and gas industry - from concept screening and design through manufacturing, fabrication and commissioning. Aker Kvaerner Subsea's ability as a world-wide total system provider is backed by a wide portfolio of products which are maintained for the complete life of field. Aker Kvaerner Subsea's capability is available for both new and existing fields either as individual activities or complete packages.
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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