Aker Kvaerner Wins BP Subsea Contract

BP has issued a Letter of Intent to Aker Kvaerner covering a frame agreement for the supply of steel tube subsea umilicals for the UK North Sea. The contract will further strengthen Aker Kvaerner's leading position in the growing market for advanced subsea technology.

Kvaerner Oilfield Products will provide project management, engineering and manufacturing of steel tube umbilicals. The steel tube umbilicals will be manufactured at Kvaerner Oilfield Products' purpose-built facility in Moss, Norway. The agreement has an initial term of three years with an optional extension of an additional two years.