Aker Kvaerner's subsea company, Kvaerner Oilfield Products (KOP), will deliver engineering, procurement and construction (EPC) of two four-slot templates for a total of seven wells including wellhead systems and Xmas trees as well as control systems. Design, fabrication and testing will be carried out by KOP's project team in Lysaker, Tranby and Egersund in Norway and Aberdeen in UK, through 2005 and 2006.

Fram Øst is located approximately 20 kilometres north of the Troll field at a sea depth of 360 meters. It will be a subsea installation with five oil producers and two wells for water injection tied up to the Troll C platform. Production start up is planned for October 2006.

ENDS

 

 

Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 64 51 30 36 or Mob: +47 92 88 55 42

Kjell Garvik, VP Sales and Marketing Europe, KOP. Tel: + 47 67 82 64 44

 

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kværner ASA, 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 employees 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.

 

Subsea is one of six business areas in Aker Kvaerner and is headed from Houston. Aker Kvaerner is a leading provider of subsea systems for oil and gas production. We support all aspects of a subsea field development from initial concept screening through front-end engineering, detail design, procurement, fabrication and manufacturing, assembly and test, installation, commissioning and life of field support.

 

Kvaerner Oilfield Products 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. Kvaerner Oilfield Products' 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. Kvaerner Oilfield Products' capability is available for both new and existing fields either as individual activities or complete packages. Eureka Pump Systems, as part of Kvaerner Oilfield Products, has extensive project, engineering and production resources offering specialised pumping technology and products to the offshore, FPSO and subsea markets world wide. Eureka Pump Systems also serves the global subsea market with a complete range of Subsea Boosting products.

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