Aker Kvaerner Wins Brage Modification Contract

Hydro has awarded Aker Kvaerner in Bergen, Norway, a contract for upgrading of the system for reinjection of produced water on the Brage platform. The scope of the contract includes engineering, procurement and constructional installation. The contract value is approximately NOK 150 million and project completion is scheduled for the end of 2008.

The Brage modification project will be executed by Aker Kvaerner in Bergen. Pre-fabrication of steel and pipework will be carried out at the company's workshops. Design and procurement will begin immediately and pre-fabrication will start in April 2007. The offshore installation work will take place during 2007 and 2008. The main scope will be installed during a shut-down in 2008.

Maintenance and modification work is one of the core business streams in Aker Kvaerner and is a key strategic focus area for the company in the North Sea and internationally. Aker Kvaerner has established broad competence within this market segment through long term contracts with the operating companies.

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