24 October 2007 - Petrobras Americas Inc. has awarded Aker Kvaerner a contract to supply subsea power cables and control umbilicals to its Cascade and Chinook fields in the Gulf of Mexico. The contract, worth approximately USD 65 million, represents a significant breakthrough for Aker Kvaerner's power cable technology.
Aker Kvaerner will deliver around 230 000 feet (70 kilometres) of high voltage power cables as well as static and dynamic steel tube umbilicals to Petrobras. They will be produced for Petrobras' Cascade and Chinook subsea development. The fields are located in the Walker Ridge area of the Gulf of Mexico, roughly 165 miles (260 kilometres) south of the Louisiana coast.
"We have extensive experience in developing umbilical technologies for deepwater areas and have used our know-how to develop a high voltage power cable suitable for the same water depths. This deepwater application is groundbreaking, and we are extremely pleased that Petrobras has chosen us as their supplier for this project," says Erik Wiik, president - Americas, Aker Kvaerner Subsea.
Both the high voltage power cables and umbilicals will be installed at water depths up to 8 800 feet (2 700 metres). The umbilicals will be made using Aker Kvaerner's patented carbon fibre rod technology.
"Petrobras needs dynamic umbilicals that are highly flexible and have good mechanical characteristics that can withstand the environmental challenges in deep water Gulf of Mexico. We can offer this with our advanced carbon fibre rod solution," adds Wiik.
The project management, engineering, and manufacturing will be performed at Aker Kvaerner Subsea's state-of-the-art umbilical facility in Mobile, Alabama. The scope of work includes the design, qualification, fabrication, and testing of the umbilicals along with all required topside and subsea terminations.
Delivery of power cables and umbilicals is scheduled for mid-2009.
The contract is booked as order intake in the third quarter of 2007.
ENDS
For further information, please contact:
Media:
Erik Wiik, president - Americas, Aker Kvaerner Subsea. Tel: +1-713-685-5891
Erik Wiik, president - Americas, Aker Kvaerner Subsea. Tel: +1-713-685-5891
Endre Johansen, communications manager, Aker Kvaerner Subsea. Tel: +47 22 94 58 91, Mob: +47 416 10 605. E-mail: endre.johansen@akerkvaerner.com
Investor relations:
Lasse Torkildsen, vice president, Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
Lasse Torkildsen, vice president, Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact:
For further information about sourcing and potential subcontracts for this project, please contact:
Ron Mitchell, vice president, Supply Chain US, Aker Kvaerner Subsea. Tel: +1 713 685 5813
Harald Grieg Riisnaes, vice president, Global Supply Chain, Aker Kvaerner Subsea. Tel: +47 67 82 68 18
Career opportunities:
Visit http://www.akerkvaerner.com/Internet/CareerCentre
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 24 000 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