Aker Kvaerner Offshore Partner in Stavanger signed the major maintenance and modification contract for the Tampen area with Statoil on March 21, 2002. The contract included primarily the Statfjord and Gullfaks fields. On August 1, 2003 the contract was extended to include the two Snorre platforms.

With the new option for Visund, Aker Kvaerner Offshore Partner is responsible for maintenance and modification of all the nine manned platforms in the Tampen area; six fixed and three floaters.

Aker Kvaerner Offshore Partner has an annual turnover of around NOK 800 million on Tampen. Maintenance and modification work on the Tampen platforms involve between 1,000 and 1,100 persons yearly. Aker Kvaerner Offshore Partner's total engagement on Tampen comprises engineering, fabrication and installation.

Aker Kvaerner Elektro, the specialist in electro, instrument and telecommunications is a partner in the total framework contract for the Tampen area and will also be involved in this new Visund work.

 

 ENDS

 

Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542

Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. 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 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 22,000 people 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.

 

MMO Europe (Maintenance, Modifications and Operations) is responsible for the Aker Kvaerner's MMO competencies and capacities, serving the Norwegian and UK Continental Shelf, and supporting selected international initiatives. The core competencies are turn-key deliveries offshore modifications, long term on- and offshore modification and maintenance contracts, inspection, operation and operations support, offshore removal and de-construction and subsurface advisory. MMO Europe has approximately 6,000 employees, including 2,600 engineers.

 

Aker Kvaerner Offshore Partner AS is a turnkey contractor for the on- and offshore oil and gas industry. The company is engaged in front end studies, field development with new platforms and modifications to existing platforms, maintenance, modifications and operations contracts, field decommissioning and removal. Further information is available at internet www.akerkvaerner.com. Offshore Partner has 2200 employees; 1400 engineers and administrative personnel and 800 labour. Total revenue year 2003 was 3,5 billion NOK. The head office is located in Stavanger with regional offices in Bergen and Trondheim. Offshore Partner hold one subsidiary company: Aker Møre Montasje.

 

Aker Kvaerner Elektro is a complete EPC supplier of electrical, instrument and telecommunications (EIT) to customers in the oil and gas processing industry onshore and offshore. The company possesses wide experience and expertise in its field and have a staff of 1,700 dedicated professionals committed to delivering optimum solutions. Aker Kvaerner Elektro is geographically co-located with our customers, and our goal is to create trust and long-term relations through being reliable, competitive, deliver quality and meet our customers' expectations.

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