The USD 665 million EPC-LNG contract was awarded to the joint venture (50/50) between Aker Solutions (formerly Aker Kvaerner) and IHI, Inc. (formerly Ishikawajima-Harima Heavy Industries) and announced in a stock exchange release 19 July 2006, pending the issue of a Full Notice to Proceed from Ingleside Energy Corporation.
Not having received such a Notice to Proceed effects Aker Solutions' backlog by USD 330 million. As a result, Aker Solutions has decided to remove the contract from its order backlog with effect from first quarter 2008.
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