The work is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Pusnes in Arendal.
The offfloading system is designed for extreme low temperature conditions and is the second contract of its kind to Aker Kvaerner Pusnes.
"Pusnes offloading technology is well known and very competitive for use in harsh conditions," says Leif Haukom, president of Aker Kvaerner Pusnes.
Aker Kvaerner Pusnes is the dominant supplier of offshore loading systems in the area and has previously signed contracts and delivered a number of Arctic bow loading systems for shuttle tankers.
In addition to the Varandey contract, Aker Kvaerner Pusnes has been awarded several contracts with Norwegian and international clients for delivery of FPSO offloading systems.
"These awards confirm Aker Kvaerner's strong position in the global market for advanced offshore products and technologies" says Mads Andersen, executive vice president in Aker Kvaerner.
Manufacturing of the equipment will take place in Europe and Asia. The deliveries are scheduled for 2007/2008.
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