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Aker Kvaerner to deliver loading systems for arctic conditions


29 November 2006 - Aker Kvaerner has recently been awarded several contracts for delivery of advanced loading and offloading systems with a total contract value of NOK 130 million. One of these contracts comprise the delivery of an advanced offshore offloading system to Lukoil’s Varandey platform located at the Peninsula Coast of the Barents Sea.

The work is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Pusnes in Arendal.

The offfloading system is designed for extreme low temperature conditions and is the second contract of its kind to Aker Kvaerner Pusnes.

“Pusnes offloading technology is well known and very competitive for use in harsh conditions”, says Leif Haukom, president of Aker Kvaerner Pusnes.

Aker Kvaerner Pusnes is the dominant supplier of offshore loading systems in the area and has previously signed contracts and delivered a number of Arctic bow loading systems for shuttle tankers.

In addition to the Varandey contract, Aker Kvaerner Pusnes has been awarded several contracts with Norwegian and international clients for delivery of FPSO offloading systems.

“These awards confirm Aker Kvaerner’s strong position in the global market for advanced offshore products and technologies” says Mads Andersen, executive vice president in Aker Kvaerner.
Manufacturing of the equipment will take place in Europe and Asia. The deliveries are scheduled for 2007/2008.


For further information, please contact:

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 Bjørn E. Klepsvik, tel.: +47 22 94 51 63

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, 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 24 000 people in more than 30 countries.

Aker Kvaerner is part of the Aker Group (, 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.

Aker Kvaerner Pusnes is a world leader in design and supply of all types of deck machinery and mooring systems for marine and offshore applications. .Aker Kvaerner Pusnes also develops Bow Loading Systems (BLS), equipment enabling shuttle tankers to receive and secure a mooring line and hose from an offshore production facility for loading of load crude oil. Aker Kvaerner Pusnes is also experienced in Stern Offloading Systems (SOL), equipment installed at the stern of an FPSO/FSO enabling transfer of the mooring line and hose to a shuttle tanker for loading of crude oil.

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