Aker Kvaerner Awarded Contract with BP Norge AS

March 28, 2007

BP Norge AS has awarded Aker Kvaerner a service contract for provision of personnel and equipment for well intervention services for the Ula, Valhall, Hod, Tambar and Skarv fields on the Norwegian Continental Shelf. The contract is for a firm period of five years plus a two year optional period. The estimated contract value for the initial five years is NOK 175 million. The scope of work comprises mechanical wireline services, wireline tractor services and cased hole logging services. The work will be undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner Well Service in Stavanger. Since the Ula field came onstream in 1986, Aker Kvaerner Well Service has provided well intervention services to BP. "The award of this contract offer the possibility for Aker Kvaerner to continue its good cooperation and working relationship with BP. Together we have built a strong and confident team within slickline, data acquisition and wireline tractor services. This new, long-term contract gives us the possibility to jointly develop and implement new intervention technologies to further enhance safety and increase operational efficiency", says Ole Petter Thomesen, president of Aker Kvaerner Well Service.

Aker Kvaerner Awarded Contract with BP Norge AS

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