The engineering work will start immediately and continue through 2006. More than 100 engineers will be working on the study at peak manning. "Skarv and Idun are of the few new field developments on the Norwegian Continental Shelf and we are very happy with the contract award. This is a recognition of our competence and experience with this kind of project", says executive vice president Simen Lieungh in Aker Kvaerner.
Aker Kvaerner Engineering & Technology will perform the FEED for field production and export system, plus preparation for procurement and project management of the total field development. One initial key activity will be to assist BP in design, tender and place a contract for a harsh environment hull. The hull design will be based on Aker Kvaerner's long track record, supplying the majority of the Floating Production Storage and Offloading vessels (FPSOs) in the North Sea. Aker Kvaerner will also perform flow assurance analysis for the total system from wellhead to point of delivery.
Skarv and Idun are combined oil and gas developments with 75 percent of the reserves as gas and 25 percent liquids. The resource base consists of hydrocarbons from several different reservoirs and structures, including Skarv and Snadd. The field will be developed with a standalone FPSO. Gas export will be through Åsgard Transport System (ÅTS) to the onshore Kårstø facility.
Skarv is operated by BP with a 30 percent ownership in the field. The other owners are Statoil (30 percent), Shell (25 percent) and ExxonMobil (15 percent). The Idun field is operated by Statoil which has a 50 percent ownership. The other owners are Shell (40 percent) and Hydro (10 percent).
ENDS
For further information, please contact:
Media:
Stein Inge Liasjo, VP Communications, Aker Kvaerner. Tel: +47 67 51 30 94 or Mob: +47 464 02 353
Stein Inge Liasjo, VP Communications, Aker Kvaerner. Tel: +47 67 51 30 94 or Mob: +47 464 02 353
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39 or mob: +47 911 37 194
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39 or mob: +47 911 37 194
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 Engineering and Technology has about 800 employees and their main office is located at Lysaker near Oslo. The company has extensive experience and competence within development of technology and concepts, in addition to execution of larger projects. AK E &T has been involved in the development of most oil- and gas fields on the Norwegian Continental Shelf. The company has also played an active role in several terminal and onshore projects in Norway. AK E&T is presently involved in several international projects based on their competence and products, such as LNG terminals.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com.