Aker Kvaerner to Create New Jobs at Teesside

Aker Kvaerner Offshore Partner Ltd, headquartered in Aberdeen, is to open a satellite office in Stockton-on-Tees, UK. This office will be responsible for a range of upstream oil and gas projects, and modification work. The office is located within the existing Aker Kvaerner premises at Ashmore House, Stockton-on-Tees and will be operational from January 2006.

"In addition to servicing work arising from current and future clients, Aker Kvaerner intends to develop the office as a centre of engineering excellence to execute cross-border work for our Norwegian sister companies and clients," adds Richard Strachan, operations director with Aker Kvaerner Offshore Partner Ltd.

Based in Stockton for more than 100 years, and with a well-established portfolio of clients and vast project expertise, Aker Kvaerner has a long-standing commitment to the Teesside area. With a workforce of some 1000 based in Stockton, Aker Kvaerner's Engineering Services business provides life cycle services to a wide range of industrial clients, including chemical, nuclear, water, energy, pharmaceutical, refinery plants, and nonferrous metals and minerals processing. The establishment of the upstream oil and gas office by sister company, Aker Kvaerner Offshore Partner Ltd, builds upon this long-term commitment.

To help convert that commitment into an engineering office delivering value for large numbers of new and established offshore operators, Aker Kvaerner will require engineering and support services professionals who match the Group's core values of customer drive, hands-on execution, commercial edge, openness and honesty, HSE Mindset and developing people. Initially, there will be around 15 employees within the office, servicing the upstream oil & gas sector, with plans to increase this to some 50 employees in the early stages of 2006. There will be a small number of people relocated from the Aberdeen office with most of the recruitment coming via new employees from the region.

Aker Kvaerner is an international engineering, construction and services organization employing more than 22,000 people in 30 countries.