Aker Solutions removes EPC-LNG contract from order backlog

abarrelfullabarrelfull wrote on 06 Jun 2012 10:50
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24 April 2008

The USD 665 million EPC-LNG contract was awarded to the joint venture (50/50) between Aker Solutions (formerly Aker Kvaerner) and IHI, Inc. (formerly Ishikawajima-Harima Heavy Industries) and announced in a stock exchange release 19 July 2006, pending the issue of a Full Notice to Proceed from Ingleside Energy Corporation. Not having received such a Notice to Proceed effects Aker Solutions' backlog by USD 330 million. As a result, Aker Solutions has decided to remove the contract from its order backlog with effect from first quarter 2008.


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