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"This award marks a breakthrough for the positioning of Aker Kvaerner's jacket technology in projects offshore India and is important for the further internationalization of the our jacket business," executive vice president Simen Lieungh in Aker Kvaerner says.
The wellhead platforms will be placed on water depth 69 - 85 metres. The project includes four legged jackets with weight of 2,000 tonnes each, and topsides with a weight of 700 tonnes each. The platforms are expected to boost oil output from Mumbai High South by around 43,000 b/d and increase gas production by 136 MMcf/d.
Five platforms are to be completed by April 15, 2005 and the balance by February 28, 2006.
Aker Kvaerner has a great track record on engineering, procurement and construction (EPC) of jacket projects in the North Sea over the last 10 years, lately through three Buzzard jackets for the UK-sector, awarded October 2003.
The contract is signed by Aker Kvaerner Jacket Technology AS, a company within the Aker Kvaerner Group. Aker Kvaerner will work under an engineering service contract with the subsidiary Kvaerner Powergas in India. The engineering work will mainly be performed out of Mumbai.
The project management, procurement, fabrication & construction will be carried out by the Indian engineering & construction major Larsen & Toubro, who are the main contractor for this EPCI (EPC & Installation) project for the national Indian oil company ONGC.
ENDS
For further information, please contact:
Bjørn Rognlien, managing director in Aker Kvaerner Jacket Technology: Tel : +47 22 94 68 53 / 91 37 58 33
Rama Iyer, Chairman and managing director in Kvaerner Powergas India Tel + 91 22 56 91 59 01
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 span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Power, Pharmaceuticals & Biotechnology, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 5.5 billion and employs around 28,000 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 Kværner ASA.
Field Development Europe is a multidisciplinary and technology based organisation covering all technical and management functions for carrying out development of oil and gas fields world-wide, from wellheads to receiving terminal.
This press release may include forward-looking information or statements and is subject to our disclaimer , see our web-pages www.akerkvaerner.com
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