Aker Kvaerner Opens Subsea Manufacturing Center in Malaysia

June 15, 2007

Aker Kvaerner's multi-million dollar integrated subsea oil and gas centre in Malaysia was officially opened today, marking the successful conclusion of an ultra fast-track schedule to bring the facility on stream. Located in Port Klang Free Zone, Pulau Indah, Klang, the purpose-built manufacturing centre, with a total investment value of USD 100 million, is the first of its kind in the world.

With a presence in Malaysia dating back some 20 years, Aker Kvaerner has provided design engineering services, local fabrication and project management consultancy for a range of clients in the offshore and onshore oil and gas industry over that time. Recently, the company has been building up capacity in the region. Currently Aker Kvaerner employs 3 500 people in Asia Pacific, of which 600 are located in Malaysia. The high tech Manufacturing Centre will eventually employ 1 000 highly skilled technicians, engineers, supply chain personnel and managers.

The new center is located on a site of some 150 000 square meters at Pulau Indah, in the Port Klang Free Zone. Among the activities being carried out are: machining, assembly and testing of subsea trees, manufacturing of controls valves and couplings, assembly and testing of subsea production control systems, fabrication of subsea manifolds and structures, manufacturing of deepwater marine drilling risers, and site integration testing. Project management for EPC (Engineering, Procurement and Construction) contracts and life of field service support for deepwater projects are also being handled from Malaysia.

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