Sakhalin contract to Aker Kvaerner

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The Sakhalin II gas and oil field offshore the Sakhalin Island will be developed with two offshore platforms with concrete substructures sitting on the seabed. The surrounding conditions in this region are challenging. The area is subject to seismic activity and pack ice is generated and drifts from the Sea of Okhotsk every year from October to May. The concrete substructures ensure robust foundations in harsh weather condition.


Aker Kvaerner's new contract includes engineering, procurement, management and project services for two platform substructures. The concept builds on the experience from other concrete platforms developed and delivered by Aker Kvaerner both in the North Sea and offshore Canada.


Aker Kvaerner also contributes with experience to the project execution model, where the client's organisation, several contractors and local workforces will co-operate from a number of international locations.


- This is a major milestone as Russia is a strategically important market to Aker Kvaerner. The new assignment will strengthen our position when competing for other projects both in the Sakhalin region and elsewhere in Russia, says Helge Lund, CEO of Aker Kvaerner.


Aker Kvaerner has already started the engineering and procurement for the two platforms from its offices in Oslo. Mr. Astor Nyborg has been appointed project manager, based on his experience with management of large and challenging projects in several countries, including the similar Hibernia project offshore Newfoundland.


During the project development, there will also be key personnel at the construction site Vostochny Port close to Vladivostok in Russia. Aker Kvaerner will also supply construction management assistance to Quattrogemini, the Finnish contractor responsible for establishing the dry dock and the construction of the concrete substructures to the project.
For further information, please contact:


Media:
Torbjorn S. Andersen, Vice President, Group Communications. Tel: +47 928 85 542
Investor relations:
Tore Langballe, Vice President, Investor Relations. Tel: +47 6751 3106


Please also visit our web-site: www.akerkvaerner.com


More info on Sakhalin Energy Investment Company and Sakhalin II project can be found at: http://www.sakhalinenergy.com


NOTES TO EDITORS
Aker Kvaerner is a leading global provider of engineering and construction services, technology products and integrated solutions. Group activities span a number of industries, including Oil and Gas upstream and downstream, Process, Pharmaceuticals, Metals, Power, Chemical Pulping, Environmental and Shipbuilding. Aker Kvaerner is a multi-local group of businesses with nearly USD 6 billion of annual revenues and around 34,000 employees in more than 30 countries.


Background on the project:


Sakhalin Phase 1 is a refurbished steel monocone platform currently operating seasonally loading from an offshore buoy. Sakhalin Phase 2 consist of two concrete gravity platforms without storage, an offshore pipeline to an onshore terminal, an onshore pipeline to the LNG plant on the southern tip of Sakhalin Island and an offshore loading platform for export to the world marked.


Weights and dimensions (approximate):
LUN-A Dim:
105x90 base + 4 columns 70 m.
Concrete volume: 34.000m3.
Mechanical outfitting: 2.000 ton


PA-B Dim:
95x90base + 4 columns 50 m.
Concrete volume: 27.000m3.
Mechanical outfitting: 1.500 ton

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