Unveils £9m Contract Win in Aberdeen

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The contract, which has a value of at least £9m, will see Aker Kvaerner Offshore Partner providing engineering, construction and operational support over the next five years, and the company will play a major role in any possible modification or expansion of Armada's facilities. A number of significant projects are currently at the evaluation stage.
Only three weeks into his new role as Managing Director of Aker Kvaerner Offshore Partner, Harald Gulaker says the Armada contract represents a coup for the Aberdeen company:
"This work was previously split into three separate contracts held by our competitors. To have secured the combined package is testament to our wide range of expertise and competitiveness."


"We are coming on board during potentially the most exciting period since Armada began production."
Harald Gulaker was Managing Director of Aker Oil & Gas Technology UK, prior to the merger of the former Aker and Kvaerner groups. The 51 year-old has, since, been President of Aker Kvaerner Field Development in Canada, and he says he's delighted to be back in Aberdeen:


"My role at Aker Kvaerner Offshore Partner is almost identical to the one I had at Aker Oil & Gas Technology, so it very much feels as though I'm coming home. The company is in a prime position to take full advantage of North Sea market conditions, and I am confident that this latest contract announcement will be the first of many."


Aker Kvaerner Offshore Partner is one of five Aker Kvaerner companies in Aberdeen. The others are: Aker Kvaerner Oilfield Products, Aker Kvaerner Operations, Kvaerner Process Systems and Maritime Hydraulics.


ENDS


For further information, please contact:
Media: Paul Davis, Davis Media, +44 1224 632277


Investor relations:
Tore Langballe, Vice President, Aker Kværner ASA, Group Comms. Tel: +47 67 51 31 06


Aker Kværner ASA
is through its subsidiaries and affiliates ("Aker Kvaerner") a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner spans a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 6 billion and employs around 29,000 employees in more than 30 countries. The Aker Kvaerner group consists of many legally independent entities, constituting their own separate identities. Aker Kvaerner is used as the common brand or trademark for most of these entities


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 Ltd
is a leading provider of world-class solutions in total "life-of-field" support services to the oil and gas industry. Aker Kvaerner Offshore Partner Ltd's engineering and design capability extends from front-end consultancy through operations and maintenance support, to decommissioning. Headquartered in Aberdeen, the Group's `centre of excellence' for all UK operations, Aker Kvaerner Offshore Partner Ltd. employs 1,000 personnel and offers extensive experience of value-added solutions that have produced significant cost savings, faster project delivery and greater long-term value to our customers.


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

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