Norsk Hydro awards Aker Kvaerner subsea contract for Fram Ost

Dec 10, 2004 01:00 AM

The operator Norsk Hydro has awarded Aker Kvaerner a contract for subsea systems to the Fram Ost project in the North Sea. This is a tie-back project to the Troll C platform and the contract value is NOK 360 mm.
Aker Kvaerner's subsea company, Kvaerner Oilfield Products (KOP), will deliver engineering, procurement and construction (EPC) of two four-slot templates for a total of seven wells including wellhead systems and Xmas trees as well as control systems.

Design, fabrication and testing will be carried out by KOP's project team in Lysaker, Tranby and Egersund in Norway and Aberdeen, Scotland, through 2005 and 2006.
Fram Ost is located approximately 20 km north of the Troll field at a sea depth of 360 meters. It will be a subsea installation with five oil producers and two wells for water injection tied up to the Troll C platform. Production start up is planned for October 2006.

Aker Kvaerner, through its subsidiaries and affiliates, is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper.
Aker Kvaerner has aggregated annual revenues of approximately $ 4.5 bn and employs around 22,000 employees in more than 30 countries.

The Aker Kvaerner group consists 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 Kvaerner ASA.
Subsea is one of six business areas in Aker Kvaerner and is headed from Houston. Aker Kvaerner is a leading provider of subsea systems for oil and gas production. We support all aspects of a subsea field development from initial concept screening through front-end engineering, detail design, procurement, fabrication and manufacturing, assembly and test, installation, commissioning and life of fieldsupport.

Kvaerner Oilfield Products 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. Kvaerner Oilfield Products' 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.
Kvaerner Oilfield Products' capability is available for both new and existing fields either as individual activities or complete packages. Eureka Pump Systems, as part of Kvaerner Oilfield Products, has extensive project, engineering and production resources offering specialised pumping technology and products to the offshore, FPSO and subsea markets world wide. Eureka Pump Systems also serves the global subsea market with a complete range of Subsea Boosting products.

Source: Aker Kvaerner ASA
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