Kværner ASA: Kvaerner wins its third Johan Sverdrup jacket contract
(Thomson Reuters ONE) -
8 October 2015 - Today Kvaerner signs the contract for delivery of the process
platform jacket to the Johan Sverdrup field. With this award, Kvaerner will be
delivering the three largest of the four steel substructures for Johan Sverdrup,
in addition to one of the platform topsides. The value of today's contract is
approximately NOK 1 billion.
The new delivery will include engineering, procurement and construction. The
engineering will be performed at Kvaerner's offices in Oslo, and will start
immediately. The project management will be based at Kvaerner's facility for
complex jackets in Verdal. Prefabrication and assembly will also start here from
the summer of 2016.
The process platform jacket will be delivered in the summer of 2018. The
activity will be at its highest in the summer of 2017, when around 180 employees
will be working on the project.
- The contract has been won in international competition and confirms Kvaerner's
position as one of the industry's leading contractors of steel jacket
substructures. The improvements we have implemented the last years enable us to
offer new steel substructures to the same price as fifteen years ago. We will at
the same time focus on continuing to deliver with safe execution, predictable
schedule and agreed quality. The result is that we have a strong competitiveness
combined with sound margins. I am pleased that our clients confirm that we are a
contractor who offers an attractive combination of technological expertise and
cost effectiveness, says Jan Arve Haugan, Kvaerner's President & CEO.
Today's award, together with the two previous contracts entered for delivery of
jackets for Johan Sverdrup, reinforce the possibilities for strategic
development of the expertise at the facility in Verdal in the years to come, and
give good activity up until the summer of 2018.
- We are very pleased today! With contracts for delivery of the three biggest
steel substructures to Johan Sverdrup in order backlog, Kvaerner has a good and
predictable foundation as basis for continuous improvement and long-term
planning in connection with further development of Kvaerner in Verdal. Based on
long experience and particular attention to EPC project execution, we offer
seamless integrated solutions to our clients. This, combined with long-term
relations in the supplier's market, enable us to offer flexibility to our
clients, says Sverre Myklebust, Executive vice president Jackets.
Kvaerner has delivered many of the world's most demanding offshore projects
including the majority of Norway's offshore oil and gas platforms. The new steel
substructure will be number 46 in a series of substructures from Kvaerner in the
past 45 years.
Contract party is Kvaerner's wholly-owned subsidiary, Kværner Verdal AS.
Facts about the steel substructure for the process platform:
Contract: EPC
Height: 141.5 m
Load-out weight: 17 700 tonnes
Top elevation: 28 m x 80 m
Bottom elevation: 60 m x 80 m
Piles: 20
A press conference will be held at 09:00 - 09.40 am at Kvaerner ASA's main
office Fornebuporten, Oksenøyveien 10 at Fornebu outside Oslo.
Present:
Minister of Petroleum and Energy Tord Lien
Management from Statoil and Kvaerner, who will also sign the new contract
After the signing, the parties and the minister will be available for questions
from the media.
Media representatives are asked to meet at 8:45 am in Kvaerner's reception. We
kindly request attendees to register at the system in the lobby as visitors to
Annette Hatlo Nedrelid / Kvaerner.
ENDS
For further information, please contact:
Investor Relations: Ingrid Aarsnes, SVP Investor Relations & Communications,
Kvaerner, Tel: +47 67 59 50 46, Mob: +47 950 38 364
Media: Torbjørn Andersen, VP Communications, Kvaerner, Mob: +47 928 85 542
Media: Tove Strand Trana, Communication Manager, Kvaerner, Jackets, Mob:
+47 464 01 103
About Kvaerner:
Kvaerner is a leading provider of engineering, procurement and construction
(EPC) services, and delivers offshore installations and onshore plants for
upstream oil and gas production around the world. Kvaerner ASA, through its
subsidiaries and affiliates ("Kvaerner"), is an international contractor and
preferred partner for oil and gas operators and other engineering and
fabrication contractors. Kvaerner and its approximately 2 900 HSSE-focused and
experienced employees are recognised for delivering some of the world's most
amazing and demanding projects.
In 2014, the Kvaerner group had consolidated annual revenues of approximately
NOK 14 billion and the company reported an order backlog at 30 June 2015 of NOK
17.7 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo
Stock Exchange. For further information, please visit www.kvaerner.com.
To subscribe or unsubscribe to our press releases, please see our web page:
http://www.kvaerner.com/en/toolsmenu/Media/Subscribe-to-releases/
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1957553]
Unternehmensinformation / Kurzprofil:
Datum: 08.10.2015 - 07:00 Uhr
Sprache: Deutsch
News-ID 425581
Anzahl Zeichen: 6261
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 168 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Kværner ASA: Kvaerner wins its third Johan Sverdrup jacket contract"
steht unter der journalistisch-redaktionellen Verantwortung von
Kværner ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
