Aker Kvaerner Awarded Subsea Umbilical Contract by Technip

Aker Kvaerner Subsea has been awarded the contract for supply and manufacturing of steel tube umbilicals from Technip Offshore Norge a.s for the Hydro's development of the Fram Øst and Vilje Subsea Project in the Norwegian Continental Shelf. The contract value for both projects is approximately NOK 103 million.

Aker Kvaerner Subsea will deliver engineering, procurement and construction of steel tube umbilicals and associated equipments. The Fram Øst umbilical, which is tie-back to the Troll C platform, is approximately 20 km in lengths including both dynamic and static cross section.

The Vilje umbilical is a static umbilical and will be tied-back to the riser base at the Marathon's Alvheim FPSO.

Design, engineering, procurement and project management will take place at the Lysaker office. The manufacturing will be at the purpose built umbilical plant in Moss. Delivery of the two umbilical projects will be May-June 2006.

The North Sea is an important market for Aker Kvaerner Subsea and with this contract we show our position in this market segment.