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Aker Kvaerner to deliver mooring equipment to Daewoo


7 February 2006 - Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co. Ltd in South Korea for delivery of mooring equipment. The total contract value for Aker Kvaerner is approximately NOK 60 million.

The contract involves supply of mooring equipment for two semi-submersible drilling rigs to be built at Daewoo Shipbuilding & Marine Engineering Co. Ltd for the Norwegian rig owner SeaDrill.

Leif Haukom, President of Aker Kvaerner Pusnes, commented: “The award of these contracts represent what we see as a new boom in deliveries for offshore drilling rigs. In the last few years we have mainly been occupied with offshore deliveries to production vessels such as spars, Floating Production Storage Offloading and semis”.

Four sets of double mooring winches and eigth underwater fairleads will be used to pull in and secure eigth 84mm chains used in the mooring lines.

Integrated safety features play a high role in equipment of this type. These features include; fail-safe brakes, interlock systems, stored energy system, deluge system, load monitoring, intelligent sensors, control cabin for safe operation, and emergency release system to allow quick repositioning of the rig.

The equipment will be manufactured in Europe and South Korea and deliveries to both rigs will take place between December 2006 and December 2007.


For further information, please contact:
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 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, 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 35.6 billion and employs approximately 22,000 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 60 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 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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