BP Extends Agreement with Aker Kvaerner for Subsea Technology

BP Limited UK has extended a three year frame agreement with Aker Kvaerner, for the supply of steel tube umbilicals, by a further two years to 2007.

Aker Kvaerner Subsea will continue to provide project management, engineering and manufacturing of steel tube umbilicals. The steel tube umbilicals are manufactured at Aker Kvaerner Subsea's purpose-built facility in Moss, Norway.

Under the existing frame agreement Aker Kvaerner has supplied steel tube umbilicals for the Rhum, Farragon and Azeri Chirag Gunashli projects in the UK and Azerbaijan.

"Aker Kvaerner has a long-standing relationship with BP, and we are delighted to continue to work together as part of BP's global strategy for sourcing subsea equipment," says Raymond Carlsen, EVP Aker Kvaerner Subsea.