Options released for work on Statoil platforms
Statoil released two year options for maintenance and modification work on its Norwegian offshore installations in the Tampen area to Aker Kvaerner Offshore Partner AS, and on the Halten/Nordland area to Aker Reinertsen AS. The contract value is NOK 2000 million and NOK 800 million respectively on the options until 2009.
The original contract for maintenance and modification work on all Tampen and Halten/Nordland platforms was awarded in 2002 with expiry in February 2007. Options for continuation of the work in three periods, each of which are two years in length, were included in the contracts. It is the first of these options which is now released.
Aker Reinertsen is owned equally by Aker Kværner Offshore Partner and Reinertsen. The company is located in Trondheim and perform all maintenance and modification work on the platforms at the Halten/Nordland area.
"A close and good relationship with our contractors within maintenance and modification work is of great importance to Statoil. Our experience with efficiency and safety in the work performed is very good" says Terje Overvik Executive Vice President Statoil.
ENDS
For further information, please contact:
Media:
Torbjorn S. Andersen, Senior Vice President, Corporate Communications, Aker Kvaerner ASA.
Tel. office: +47 6751 3036, Mobile: +47 9288 55 42
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
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, Pharmaceuticals & Biotechnology. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.
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