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Aker Kvaerner awarded subsea booster for Tyrihans


June 15, 2006

Statoil has signed a letter of intent with Aker Kvaerner to deliver a subsea seawater injection system for the Tyrihans project in the Norwegian Sea. The new generation pumps are expected to increase oil production from the Tyrihans field by 10%. The subsea pumps will be the world’s largest and installed at longest stepout. Aker Kvaerner’s contract value will be approximately NOK 200 million.

Aker Kvaerner Subsea will supply two subsea injection pumps to be installed more than 40 kilometres from the Kristin platform where the oil and gas will be processed. The pumps will feature Aker Kvaerner’s own LiquidBoosterTM technology and will inject raw sea water for pressure support and stabilisation of the oil zone.

“Aker Kvaerner has developed a robust technology for the subsea raw seawater injection pump system for Tyrihans. The high capacity of Aker Kvaerner’s boosting system combined with its robustness and simplicity in design has been a decisive factor for Statoil in this contract award,” says Tyrihans technical responsible for pump system Torstein Austvik.

Aker Kvaerner will manufacture the pump system at its facility in Tranby in Norway for delivery in the third quarter of 2008. Production on Tyrihans, one of the largest planned projects on the Norwegian continental shelf, is due to begin mid-2009.

“This is a breakthrough for another of our boosting technologies already well proven onshore. It is the latest in a string of recent projects that will benefit from this technology,” says Raymond Carlsen, executive vice president Aker Kvaerner Subsea.

Statoil has a 46.8 per cent interest in the Tyrihans field, while its partners are Total with 26.51 per cent, Hydro with 12 per cent, Eni with 7.9 per cent and ExxonMobil with 6.75 per cent.


For further information, please contact:

Renee Mead, Communications Manager, Aker Kvaerner Subsea. Tel: +47 67 82 6859, Mob: +47 4641 1705

Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39

For further information about sourcing and potential subcontracts for this project, please contact:
Roger Lunde, Vice President, Global Supply Chain, Tel: +47 32859478

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.

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.

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