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Aker Kvaerner Launches IOR Tool

Maritime Activity Reports, Inc.

February 14, 2008

Aker Kvaerner Launches the PodEx - a new, technology solution to the ever-growing challenge of maximizing oil and gas recovery from mature subsea fields. The PodEx is a module that integrates new functionality and instrumentation directly into the existing subsea control system. It is a cost-effective alternative that requires very little installation time. Its ultimate aim is to optimize production at brownfield developments and enhance environmental safety. The PodEx utilizes spare subsea electrical circuitry or co-existent power supplies to convey increased well and reservoir data to topside data acquisition systems for analysis. It is scalable and offers a transparent communication layer which is adaptable to any subsea application.

Another key benefit with the PodEx is that it can be combined with controls system from all system manufacturers. The PodEx will be introduced at today's Subsea 08 event in Aberdeen, UK. The Aker Kvaerner stand is located at section B1 at the event.

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