Aker Kvaerner Awarded Subsea Contracts in Brazil

Friday, December 14, 2007
Aker Kvaerner has been awarded two contracts from Petrobras to supply a total of three subsea manifolds for two of the Brazilian oil giant's projects offshore Brazil. Combined contract value is approximately USD 90 million. Aker Kvaerner Subsea in Brazil will design, manufacture and deliver two oil production manifolds for Petrobras' Albacora RWI project in the Campos Basin, and one gas export pipeline-end manifold to the Jubarte phase II project. All manifolds are designed and qualified for use at water depths up to 2000 metres. Work for both projects will be managed and completed from Aker Kvaerner Subsea's facility in Curitiba, Brazil. Deliveries are scheduled to start up in 2009 for the Albacora RWI project and in 2010 for Jubarte. Aker Kvaerner Subsea in Aberdeen, UK, will supply control systems for the projects, while offices in Norway and India will support with system engineering resources.

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