The contract will include maintenance planning, maintenance analysis, inspections and future modifications on the platform. According to the cooperation agreement with Aker Kvaerner Offshore Partner, Promecon shall be responsible for all steel and piping fabrication and installation, while YIT A/S will have an equivalent responsibility for the "white" disciplines electro, instrument and telecommunication. The two companies will also contribute with engineering resources for the accomplishment of the contract.
The cooperation agreement with Promecon and YIT A/S will secure the two Danish companies substantial transfer of know how from Aker Kvaerner Offshore Partner. The company has long and comprehensive experience from nearly 60-70 installations on the Norwegian and British shelf in the North Sea and will contribute to developing the partners' competence. This will increase Promecon's and YIT A/S's chances to win international contracts from their bases in Esbjerg.
"It is important to us that the delivery solutions for the operation and maintenance of the Siri platform are as cost-effective as possible," says Mr. Tore Sjursen, President of Aker Kvaerner Offshore Partner.
"I am convinced that the agreement we have reached, is a good solution for all parties involved, not only for the operating company DONG, but also for our partners Promecon and YIT A/S. This is the beginning of a long-lasting cooperation between the contractors in Esbjerg and Stavanger. The North Sea is a mature oil province where we have to work across all borders to contribute to value creation," says Mr. Sjursen.
If all the options are maintained, Aker Kvaerner Offshore Partner will from January 1, 2005, have the total responsibility for the maintenance of the Siri platform for ten years. Aker Kvaerner Offshore Partner will establish a subsidiary in Denmark in order to handle the contract. Initially the company will mobilise a few persons who will work integrated with the DONG company in Copenhagen.
ENDS
For further information, please contact:
Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Mr. Tore Sjursen, President, Aker Kværner Offshore Partner, Tlf. +47 97 17 28 51
Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39
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, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 21,000 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.
Aker Kvaerner Offshore Partner AS is a turnkey contractor for the on- and offshore oil and gas industry. The company is engaged in front end studies, field development with new platforms and modifications to existing platforms, maintenance, modifications and operations contracts, field decommissioning and removal. Further information is available at internet www.akerkvaerner.com. Offshore Partner has 2200 employees; 1400 engineers and administrative personnel and 800 labour. Total revenue year 2003 was 3,5 billion NOK. The head office is located in Stavanger with regional offices in Bergen and Trondheim. Offshore Partner hold two subsidiary companies, Aker Møre Montasje and Aker Inspection & Consulting.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com
Promecon provides solutions for building and civil works as well as industrial enterprises. We work with structures and installations for buildings, bridges, tanks, piping & process plant as well as within
industrial service and offshore. Promecon is a strong partner in steel - but we also frequently work in other materials such as aluminium, titanium and plastic. At Promecon we have about 400 committed employees at our offices and workshops in Fredericia, Esbjerg, Aalborg, Kalundborg and Valby.
Promecon provides solutions for building and civil works as well as industrial enterprises. We work with structures and installations for buildings, bridges, tanks, piping & process plant as well as within
industrial service and offshore. Promecon is a strong partner in steel - but we also frequently work in other materials such as aluminium, titanium and plastic. At Promecon we have about 400 committed employees at our offices and workshops in Fredericia, Esbjerg, Aalborg, Kalundborg and Valby.
YIT Corporation is Finland's largest contracting and service company and one of the leading companies in the Northern countries with a nearly 100 years' history within construction and technical installations. YIT A/S is a technical contracting, installation and service company supplying integrated technical solutions and services to the construction sector, industry, the commercial and public sectors, the marine and offshore sectors as well as the infrastructure sector. YIT A/S in Denmark has more than 1,100 employees in two competence centres and 12 service centres in the major Danish cities. With a view to delivering turnkey solutions to our customers we cooperate with other leading companies when necessary. The span of our technical competencies ensures efficient and qualified service day and night in in all parts of Denmark for our customers.