Aker Kvaerner to Continue Work on Statoil Platforms

Statoil has released two-year options for maintenance and modification work on its Norwegian offshore installations in the Tampen area to Aker Kvaerner and on the Halten/Nordland area to Aker Reinertsen AS. The contract values are NOK2 billion and NOK800 million, respectively, on the options until 2009.

The original contract for maintenance and modification work on all Tampen and Halten/Nordland platforms was awarded in 2002 and was set to expire in February 2007. Options for continuation of the work in three periods, each of which are two years in length, were included in the contracts. Statoil’s recent action represents the release of the first of these options.

Aker Reinertsen is owned equally by Aker Kværner Offshore Partner and Reinertsen. The company is located in Trondheim and performs all maintenance and modification work on the platforms at the Halten/Nordland area.

“A close and good relationship with our contractors within maintenance and modification work is of great importance to Statoil,” said Terje Overvik, Statoil’s executive vice president. “Our experience with efficiency and safety in the work performed is very good.”

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