29 September 2006 - Statoil and Aker Kvaerner have signed a memorandum of understanding for the contract for the semisubmersible platform to be located at the Gjøa field offshore Norway. A final contract is expected to be signed ultimo October 2006, with an estimated contract value of approximately NOK 8 billion. Preparation work will start immediately and the platform will be towed to the field in 2010.
The Gjøa production facilities topsides measures 110 meters long and 85 meters wide and weighs in just below the 20.000 tonnes mark. The hull weighs 14.200 tonnes. Aker Kvaerner is currently performing the front-end engineering design for the platform under a smaller contract that was signed in January 2006.
The scope of work to be performed by Aker Kvaerner following contract signing in October will be detail design of topside and hull, procurement, construction and hook-up of topside, and mating of topside and hull. Statoil will place a separate fabrication contract for the hull and a separate engineering, procurement and construction contract for the living quarters.
Detailed engineering will be headed from Aker Kvaerner's office in Oslo, and a significant part of the engineering hours will be carried out by Aker Kvaerner's engineering entity in Mumbai in India. In total, more than 500 Aker Kvaerner engineers will be mobilised to design the platform and the peak manning will reach 2000 persons. The platform will be constructed at Aker Kvaerner Stord AS, who also is Statoil ASA's contract partner. Several Aker Kvaerner companies will deliver to Gjøa.
Lars Eide (41) will be project director for Gjøa. He is currently president for Aker Kvaerner's offshore yard in Egersund, Norway. May Wenche Hammert (39) is appointed as the new president for Aker Kvaerner Egersund.
Gjøa was discovered in 1989. It is a combined oil and gas field located off the coast of the Norwegian city of Florø. Statoil (owner of 20 %) is the operator in the field development phase, while Gaz de France (30 %) will be the operator. The other partners are Petoro (30 %), AS Norske Shell (12 %), RWE Dea Norge AS (8 %). The. Camilla, Belinda and Fram B fields (known as CBB and operated by Hydro) will be connected to the Gjøa semisubmersible platform by a common flowline subsea tie-back solution. Gas will be sent to Scotland and oil will be exported to Mongstad in Norway.
ENDS
For further information, please contact:
Media:
Stein Inge Liasjø, Vice President Communications, Aker Kvaerner. Tel: +47 67 51 30 94, Mob: +47 464 02 353
Alf Terje Myklebust, Communications Manager, Aker Kvaerner Stord: Tel: +47 53 41 81 03, Mob: +47 917 53 442
Stein Inge Liasjø, Vice President Communications, Aker Kvaerner. Tel: +47 67 51 30 94, Mob: +47 464 02 353
Alf Terje Myklebust, Communications Manager, Aker Kvaerner Stord: Tel: +47 53 41 81 03, Mob: +47 917 53 442
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:
For further information about sourcing and potential subcontracts for this project, please contact Svein Folgeroe, Procurement Manager, Aker Kvaerner Stord, Mob: +47 951 97 513
For further information about sourcing and potential subcontracts for this project, please contact Svein Folgeroe, Procurement Manager, Aker Kvaerner Stord, Mob: +47 951 97 513
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, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & 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 23 000 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 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com