Kvaerner awarded Mongstad contract
(Thomson Reuters ONE) -
26 October 2011 - Kvaerner has signed a Fabrication and Construction contract
with Statoil for upgrading of the Delayed Coker Revamp unit at Statoil's
facilities at Mongstad. The contract value is NOK 220 millions.
The Delayed Coker Revamp unit is the part of the Mongstad facilities that
produces petroleum coke, which is often used as electrodes in electrochemical
and electro metallurgical industry. The Delayed Coker Revamp unit is now to be
upgraded.
"The onshore market is important to Kvaerner. The contract affirms our position
as a preferred supplier for onshore development and upgrading projects. It also
brings work in a period that is somewhat slower than usual for our business at
Stord", says Kvaerner Executive Vice President Lars Eide.
Kvaerner is already present at the Mongstad plant, in connection with the
Technology Center Mongstad (TCM) project. This project draws near completion,
but with the Delayed Coker Revamp project, Kvaerner will continue its presence
at Mongstad.
"We interpret this as confidence in our ability to deliver, and a sign that the
client is satisfied with our work at the TCM," says Eide.
The mobilization of personnel will begin immediately. At peak, around 200
workers are expected to be in operation, in connection with a two month long
shut-down period next fall. The work will take place both at Stord and Mongstad.
Prefabrication at Stord is expected to commence before Christmas. The duration
of the project is through 2012.
Contract part is Kvaerner's subsidiary Kværner Stord AS.
ENDS
For further information, please contact:
Media:
Odd Naustdal, Communication Manager, Kvaerner, Tel: +47 53 41 81 03, Mob:
+47 90 57 60 79
Investor relations:
Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob:
+47 950 38 364
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 of NOK 13.3 billion on 30 June
2011. 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 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#1558082]
Unternehmensinformation / Kurzprofil:
Datum: 26.10.2011 - 13:49 Uhr
Sprache: Deutsch
News-ID 80484
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contact information:
Town:
Fornebu
Kategorie:
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