Aker Kvaerner Awarded contracts for Arctic Shuttle Tankers

Aker Kvaerner has been awarded contracts from Russian Admirality Shipyards to supply equipment for two shuttle tankers destined to operate in Arctic waters. The contracts include bow loading systems and complete mooring and emergency towing systems. The equipment is designed for the extreme low temperature conditions in the Arctic areas. The vessels are being built for the Russian Shipowner Sovcomflot to service the Prirazlomnaya field in the Pechora sea. The bow loading system will be of the latest arctic version with completely oil spill-free connection and disconnection of the offloading hose for environmental protection. Pusnes offloading systems have previously been delivered to the Prirazlomnaya platform and Aker Kvaerner Pusnes is currently completing the commissioning of offloading system for the Varanday export platform. All the equipment will be manufactured in Europe. Delivery for the shuttle tankers to Admiralty Shipyards will take place in September 2008 and January 2009