Aker Kvaerner to deliver process equipment
07 November 2006
7 November 2006 - Aker Kvaerner has signed a contract for delivery of process modules to Aker Floating Production's SMART Floating Production Storage Offloading (FPSO) vessels. The total contract value for Aker Kvaerner is approximately NOK 350 million.
The scope to be performed by the Aker Kvaerner subsidiary, Aker Kvaerner Process Systems, will be engineering, procurement and fabrication services of separation modules, riser balcony modules and flare system. The scope is presently for the first two FPSO conversions, involving "Aker Smart 1" and "Aker Smart 2".
"We are proud to be awarded this contract with Aker Floating Production where we will use our capabilities based on our core process technology. We consider this contract to be of strategic importance for increasing our participation in the prosperous FPSO market", says Per Harald Kongelf, President of Aker Kvaerner Process Systems.
The process equipment for the first FPSO is scheduled to be delivered second quarter 2007, and fourth quarter 2007 for the second FPSO.
ENDS
For further information, please contact:
Media:
Siw Anett Enerud, Communications manager, Aker Kvaerner Products & Technologies. Tel: +47 22 94 71 92 Mob: +47 95 19 34 15
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner, Tel: +47 67 51 30 39
Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact Bjørn E. Klepsvik, tel.: +47 22 94 51 63
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 and Gas, Refining and Chemicals, Mining and Metals, Power Generation and Pulp and Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil and 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 41.4 billion and employs approximately 24 000 people in more than 30 countries.
Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 50.01 per cent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.
Aker Kvaerner Process Systems is a supplier of selected process equipment for treatment of well stream, oil, gas, produced water and solids for the upstream oil and gas industry. The main product lines are mainly based on own proprietary/novel technology within, Wellstream Separation, Heavy crude treatment, Gas Conditioning, MEG Reclamation and Regeneration, Sulphate removal, VOC recovery and Sand Management Systems.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com
