Kvaerner Secures Contract in Brazil

Kvaerner Process Systems has been awarded a contract for the supply of five utility modules for the Albacora Leste Field in Brazil's Campos Basin. The work will be undertaken in co-operation with Maua Jurong and Siemens Oil and Gas.

The contract has been awarded by Petrobras Netherlands BV – based on international competition – and it represents an important step in strengthening Aker Kvaerner's position in Brazil. The fabrication and assembly of the modules will take place at Maua Jurong's fabrication yard in Rio de Janeiro.

The total contract price is in excess of US $110 million, of which Kvaerner Process Systems' revenue will amount to approximately US $25 million. The scope of work for Kvaerner Process Systems includes the supply of process packages utilizing its own core technology and products.