The contract covers wireline, well tractor services and plugging services at the Tampen, Haltenbanken and the Barents Sea areas at the Norwegian continental shelf.

"We are very pleased to receive an extension of the contract for well services for Statoil. It will contribute to maintain our strong market position in the North Sea, and continue our good relations with Statoil," says Ole Petter Thomesen, President of Maritime Well Service, the Aker Kvaerner unit responsible for the contract.

The extension to the contract will be reported as order intake in first quarter of 2005. 

ENDS

 

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

Ole Petter Thomesen, President, Maritime Well Service, Tel.: + 47 982 96990

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 comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. 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. The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 35.6 billion and employs approximately 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.

The Products and Technologies business area in Aker Kvaerner unites the product supply companies in the group to a strong global supplier of products and services to the upstream oil and gas industry. Key deliverables include drilling equipment and systems, wellstream process technology, vessel mooring equipment and offshore loading/offloading systems. Global after-sale services are provided, and other key services include well intervention technology & services and marine contracting.

 

Maritime Well Service AS is Aker Kvaerner's Centre of Excellence for Well Intervention technology. The company is a principle supplier of Wireline, Tractor and Cased Hole Logging Services to the technology oriented North Sea oil and gas industry. Maritime Well Service (MWS) is experienced in the management and execution of integrated well service contracts. Maritime Well Service specialises in mechanical wireline operations and data acquisition with all cable sizes.

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