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Aker Kvaerner to Deliver Pusnes Mooring Equipment

Maritime Activity Reports, Inc.

May 2, 2007

Aker Kvaerner has been awarded a contract for delivery of mooring winches and fairleads for Statoil's Gjøa Semi. The total contract value for Aker Kvaerner. The work will be undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner Pusnes in Arendal. The contract involves supply of on-vessel mooring equipment for Statoils Gjøa Semi to be installed at the Gjøa field in the North Sea. The equipment, Roller Ram Winches and Fairleads for chain are to be delivered and installed at Aker Kvaerner Stord. Sixteen Roller RamWinches and sixteen underwater fairleads will be used to pull in and secure 150 mm chains used in the mooring lines. The equipment is based on Aker Kvaerner Pusnes' major experience in design and manufacturing of winches and fairleads for such kind of platforms.

Integrated safety features play a significant role in equipment of this type. These features include alarm systems, load monitoring, intelligent sensors and emergency stop. The equipment will be manufactured in Europe with delivery between January and August 2008.

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