Gjoa Umbilicals Contract to Aker Kvaerner

Aker Kvaerner has signed a contract with Statoil for the manufacturing and supply of steel tube umbilical control cables for the Gjoa field in the North Sea. The contract is worth approximately NOK 260 million.

Aker Kvaerner will deliver about 16 kilometers of dynamic and static umbilicals to Statoil. The umbilicals will be manufactured and delivered out of Aker Kvaerner Subsea's facility in Moss, Norway.

The umbilicals will connect the Gjoa semisubmersible platform, currently being built by Aker Kvaerner, to the Gjoa field's subsea production system. Additionally, one umbilical will connect the Gjoa field to the nearby Vega field. Aker Kvaerner Subsea is also supplying all steel tube umbilicals for Vega.

"This contract strengthens our position as the world's leading producer of steel tube umbilicals," says Svein Haug, senior vice president for Umbilical & Riser in Aker Kvaerner Subsea. "The umbilical solution for the Gjoa field is challenging, and this contract demonstrates that our advanced technology and expertise is highly valued by leading operators such as Statoil."

Work on the umbilicals will start immediately. Delivery is scheduled for May 2009.

The Gjoa field was discovered in 1989. It is a combined oil and gas field located off the Norwegian west coast. Statoil is the operator in the field development phase. Production of oil and gas is expected to start in 2010.

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