Aker Kvaerner Secures Another Floater Installation Contract

Thursday, January 11, 2007
Atlantia has awarded Aker Kvaerner a contract for installation of a semi-submersible floating production unit (FPU) for the Thunder Hawk development system in the Gulf of Mexico. Atlantia will be the client and owner of the FPU and Murphy Exploration and Production Company will operate the platform. The total contract value for Aker Kvaerner is approximately USD 23 million. The work, that will be undertaken by the Aker Kvaerner subsidiary Aker Marine Contractors, comprises installation of the spread mooring system, transportation and hook up of the FPU. Helge Røraas, President of Aker Marine Contractors US Inc., says "This is an important milestone for Aker Marine Contractors and we look forward to working with Atlantia towards a safe and successful installation of the Thunder Hawk platform". The marine installation is planned to commence in the 2nd quarter of 2008, using the offshore construction vessel, BOA Sub C as main installation vessel. The planning of the project will commence immediately. The Thunder Hawk facility which will be based on Atlantia's deep draft semiTM will be moored in 1800 meters water depth and equipped to produce up to 60 000 barrels of oil and 70 million standard cubic feet of gas per day. The contract was booked in fourth quarter 2006.

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