BP extending frame agreement with Aker Kvaerner for subsea technology

10 January 2006 - BP Limited UK has extended a three year frame agreement with Aker Kvaerner, for the supply of steel tube umbilicals, by a further two years to 2007. 10 Jan 06

Aker Kvaerner Subsea will continue to provide project management, engineering and manufacturing of steel tube umbilicals. The steel tube umbilicals are manufactured at Aker Kvaerner Subsea’s purpose-built facility in Moss, Norway.

Under the existing frame agreement Aker Kvaerner has supplied steel tube umbilicals for the Rhum, Farragon and Azeri Chirag Gunashli projects in the UK and Azerbaijan.

“Aker Kvaerner has a long-standing relationship with BP, and we are delighted to continue to work together as part of BP’s global strategy for sourcing subsea equipment,” says Raymond Carlsen, EVP Aker Kvaerner Subsea.

ENDS

For further information, please contact:

Suppliers:
Kjell Garvik, VP Sales & Marketing Europe, Aker Kvaerner Subsea. Tel: +47 6782 6444, Mobile: +47 4541 1823


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 (www.akerasa.com), 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 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 Subseas’ 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 Subseas’ capability is available for both new and existing fields either as individual activities or complete packages.

The Processing & Boosting Business Stream (formerly Eureka Pump Systems) has extensive project, engineering and production resources offering specialised pumping technology and products to the offshore, FPSO and subsea markets world wide and also serves the global subsea market with a complete range of Subsea Boosting products.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com

Contact Information

Renee Mead

Communications Manager

Aker Kvaerner Subsea

Contact via E-mail