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Aker Kvaerner to deliver loading arms to Cartagena


June 2, 2006

Aker Kvaerner has signed a contract with Repsol’s Cartagena facility in Spain for delivery of 14 marine loading arms. The loading arms will be delivered in three phases and installed on three separate jetties in Cartagehna Spain. Phase one is scheduled for end November 2006, phase two for end February 2007 and phase three for end April 2007. The total contract value for Aker Kvaerner is approximately GBP 3.1 million.
2 Jun 06

Woodfield Managing Director, Richard Williams says that the contract is yet another sign of confidence in Aker Kvaerner’s ability to design, build and install major loading arm projects. “One of the deciding factors in the selection process was our track record of delivering similar large scale projects. Aker Kvaerner has a strong HSE mindset and a strong design and management process that is based on many years of experience. This gives our clients confidence in our ability to safely deliver the project.”

The scope of supply is 7 x 16“, 2 x 12” and 5 x 8" loading arms. All will be equipped with MIB Emergency Release Systems, Hydraulic Quick Connect/Disconnect Couplers and associated Radio Control Systems.

The loading arms will be manufactured in the UK, with the majority of the work being carried by the Aker Kvaerner Company Woodfield Systems at its Whitstable and Sittingbourne facilities.


For further information, please contact:

Siw Anett Enerud, Communications Manager, Aker Kvaerner Products & Technologies Tel: +47 22 94 71 92, Mob: +47 951 93 415

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner, Tel: +47 67 51 30 39

For further information about sourcing and potential subcontracts for this project, please contact Michell Crooks, Woodfield Systems sales secretary, Tel.: + 44 1227 793351

Career opportunities:

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 21 000 people in more than 30 countries.

Aker Kvaerner is part of the Aker Group (, a leading multi-industry powerhouse with more than 40 000 employees and NOK 62 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.

Woodfield Systems Ltd., an Aker Kvaerner subsidiary, was established in 1922. The company has been designing and manufacturing Marine Loading Arms since 1954, and demonstrates a continuous record of design, manufacture, and service.

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