Kvaerner wins Luno jacket EPC contract
(Thomson Reuters ONE) -
19 January 2012 - Lundin Norway AS has awarded Kvaerner an EPC contract of
approximately NOK 1.1 billion for delivery of a steel jacket to be located at
the Luno field, production license PL338, offshore the Norwegian North Sea.
"Jacket structures are core business for Kvaerner and I am very pleased that we
have won this important contract in an international competitive bidding
process", says Nina Udnes Tronstad, Executive Vice President in Kvaerner
responsible for the jacket business.
The contract will be executed by Kvaerner's yard in Verdal, and includes
engineering, procurement, construction, load-out and sea-fastening of the jacket
and associated piles. The jacket will have a total weight of approximately
14 500 tonnes.
Detailed engineering starts immediately, while fabrication in Verdal will
commence in fourth quarter 2012. The project will reach its peak manpower of
more than 400 persons in first quarter 2013. The Luno jacket will be delivered
in the spring of 2014, and will then become number 41 in the series of jackets
delivered by Kvaerner.
Kvaerner's yard in Verdal is one of the few yards in Europe specialising in EPC
jacket deliveries, with four oil and gas jackets currently in execution for
ConocoPhillips in Norway and BP in UK, in addition to 49 jackets for the
offshore wind farm project Nordsee Ost for RWE Innogy in Germany.
The contract party is Kvaerner's fully owned subsidiary, Kværner Verdal AS.
ENDS
For further information, please contact:
Media:
Tove Strand Trana, Communication Manager, Kvaerner, Jackets, Mob: +47 464 01 103
Investor relations:
Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob:
+47 950 38 364
About Kvaerner:
With more than 3 500 HSE-focused and experienced employees, Kvaerner is a
specialised provider of engineering, procurement and construction (EPC) services
for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries
and affiliates ("Kvaerner"), is an international contractor that plans and
realises some of the world's most demanding projects as a preferred partner for
upstream and downstream oil and gas operators, industrial companies and other
engineering and fabrication contractors.
In 2010, the Kvaerner group had aggregated annual revenues of more than NOK
13.3 billion and the company had an order backlog at 30 June 2011 of NOK 13.3
billion. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo Stock
Exchange on 8 July 2011. For further information, please visit www.kvaerner.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kværner ASA via Thomson Reuters ONE
[HUG#1578776]
Unternehmensinformation / Kurzprofil:
Datum: 19.01.2012 - 15:06 Uhr
Sprache: Deutsch
News-ID 105893
Anzahl Zeichen: 3591
contact information:
Town:
Fornebu
Kategorie:
Business News
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