BP Extending Agreement with Aker Kvaerner

January 10, 2006

BP Limited UK has extended a three year frame agreement with Aker Kvaerner, for the supply of steel tube umbilicals, by a further two years to 2007. Aker Kvaerner Subsea will continue to provide project management, engineering and manufacturing of steel tube umbilicals. The steel tube umbilicals are manufactured at Aker Kvaerner Subsea's purpose-built facility in Moss, Norway. Under the existing frame agreement Aker Kvaerner has supplied steel tube umbilicals for the Rhum, Farragon and Azeri Chirag Gunashli projects in the UK and Azerbaijan.

BP Extending Agreement with Aker Kvaerner

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