24 September 2007 - Aker Kvaerner has signed a contract with Statoil for the manufacturing and supply of steel tube umbilical control cables for the Gjoa field in the North Sea. The contract is worth approximately NOK 260 million.
Aker Kvaerner will deliver about 16 kilometres of dynamic and static umbilicals to Statoil. The umbilicals will be manufactured and delivered out of Aker Kvaerner Subsea's facility in Moss, Norway.
The umbilicals will connect the Gjoa semisubmersible platform - currently being built by Aker Kvaerner - to the Gjoa field's subsea production system. Additionally, one umbilical will connect the Gjoa field to the nearby Vega field. Aker Kvaerner Subsea is also supplying all steel tube umbilicals for Vega.
"This contract strengthens our position as the world's leading producer of steel tube umbilicals," says Svein Haug, senior vice president for Umbilical & Riser in Aker Kvaerner Subsea. "The umbilical solution for the Gjoa field is challenging, and this contract demonstrates that our advanced technology and expertise is highly valued by leading operators such as Statoil."
Work on the umbilicals will start immediately. Delivery is scheduled for May 2009.
The Gjoa field was discovered in 1989. It is a combined oil and gas field located off the Norwegian west coast. Statoil is the operator in the field development phase. Production of oil and gas is expected to start in 2010.
ENDS
For further information, please contact:
Media:
Endre Johansen, communications manager, Aker Kvaerner Subsea. Tel: +47 22 94 58 91, Mob: +47 416 10 605
Endre Johansen, communications manager, Aker Kvaerner Subsea. Tel: +47 22 94 58 91, Mob: +47 416 10 605
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
Suppliers:
Harald Grieg Riisnaes, VP, Global Supply Chain, Aker Kvaerner Subsea. Tel: +47 67 82 68 18
Harald Grieg Riisnaes, VP, Global Supply Chain, Aker Kvaerner Subsea. Tel: +47 67 82 68 18
Career opportunities: Visit http://www.akerkvaerner.com/Internet/CareerCentre
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 and Power Generation. The Aker Kvaerner group is organised in 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 50 billion and employs approximately 23 000 people in about 30 countries.
Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.27 percent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.
Aker Kvaerner Subsea 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. Aker Kvaerner Subsea's 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. Aker Kvaerner Subsea's capability is available for both new and existing fields either as individual activities or complete packages.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com