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Aker Kvaerner Gets Contract for Hydro Platforms

Maritime Activity Reports, Inc.

January 23, 2006

Hydro has awarded Aker Kvaerner Offshore Partner AS in Bergen, Norway, a contract for maintenance and modification work on the platforms Troll B, Troll C, and Brage. Aker Kvaerner Elektro AS will supply all services for electrical, instrumentation and telecommunication installations. The contract is for the duration of three years, with an option for an additional three years. Aker Kvaerner was awarded one of two main contracts for maintenance and modification of Hydro assets in June 2003. The new contract is an execution of an option for extension which was part of the original contract. Maintenance and modification work is one of the core business streams in Aker Kvaerner, and is a key strategic focus area for the company in the North Sea and internationally. Aker Kvaerner has established broad competence

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