Aker Kvaerner Offshore Partner in Bergen will complete the work within October 2006. Pre-fabrication of steel and pipework will be carried out at the company's workshops. The offshore installation work starts September 1, 2005 under the management of Hydro.
Design and procurement will begin immediately and pre-fabrication will start in June 2005.
Aker Kvaerner Elektro is responsible for the electro, instrument and telecommunication work in connection with the modifications on Troll C.
Kvaerner Oilfield Products (KOP) will deliver the subsea installations for Fram East. These installations will be installed at 360 metres water depth. Overall, Hydro will have five oil producing wells on the seabed and two wells for water injection on Fram East. The oil will be piped for approximately 19 kilometres to Troll C where it is to be processed. According to plan, the production of the Fram East oil will start in October 2006.
ENDS
For further information, please contact:
Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner ASA. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner ASA. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Investor relations:
Lasse Torkildsen, Vice President, Group Comms., Aker Kvaerner ASA. Tel: +47 67 51 30 39
Lasse Torkildsen, Vice President, Group Comms., Aker Kvaerner 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 people 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.
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 AS is a turnkey contractor for the on- and offshore oil and gas industry. The company is engaged in front end studies, field development with new platforms and modifications to existing platforms, maintenance, modifications and operations contracts, field decommissioning and removal. Further information is available at internet www.akerkvaerner.com. Offshore Partner has 2200 employees; 1400 engineers and administrative personnel and 800 labour. Total revenue year 2003 was 3,5 billion NOK. The head office is located in Stavanger with regional offices in Bergen and Trondheim. Offshore Partner hold two subsidiary companies, Aker Møre Montasje and Aker Inspection & Consulting.
Aker Kvaerner Elektro is a complete EPC supplier of electrical, instrument and telecommunications (EIT) to customers in the oil and gas processing industry onshore and offshore. The company possesses wide experience and expertise in its field and have a staff of 1,700 dedicated professionals committed to delivering optimum solutions. Aker Kvaerner Elektro is geographically co-located with our customers, and our goal is to create trust and long-term relations through being reliable, competitive, deliver quality and meet our customers' expectations.
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