Aker Kvaerner awarded subsea contract for Petrobras

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14 September, 2006

Aker Kvaerner has been awarded a contract to supply subsea trees to Brazil's national oil company Petrobras. The contract has a value of approximately USD 12 million.

The scope of work comprises three mudline dual-bore christmas trees designed to 250 metres (820 feet) water depth, with associated tools. The christmas trees will be deployed in the Peroá phase II field, located in Espírito Santo basin offshore Brazil. The engineering phase of this contract starts immediately in Houston. Deliveries are to be completed from Aker Kvaerner's facility in Curitiba, Brazil, for delivery in the next 12 months.

"This award sets a new path for close cooperation with Petrobras in the mudline christmas trees segment, enhancing Aker Kvaerner's established position as a strong supplier of christmas trees in Brazil," says Marcelo Taulois, President Aker Kvaerner Subsea in Brazil.

Aker Kvaerner has extensive experience delivering subsea trees in Brazil, having delivered more than 130 subsea christmas trees to Petrobras since the start of operations in Brazil.

The agreement is signed between Aker Kvaerner Subsea Brazil and Petróleo Brasileiro S.A.


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