Aker Kvaerner given ‘foothold’ in Australian LNG

Thursday, 22 November 2007

“The agreement is awarded for a three-year period with optional periods of one, plus-one year and has the potential to support Woodside with its proposed LNG developments,” Aker Kvaerner said.

 

Woodside, whose North West Shelf Train 5 is scheduled to start production in 2008, has three other LNG projects under development, Pluto LNG, Browse LNG and Sunrise LNG.

 

The contract could be worth up to 200 million Norwegian crowns ($37M) annually to Aker Kvaerner, the company said.

 

“It is of major strategic importance that we now get a proper foothold in the Australian market,” said Raymond Carlsen, Executive Vice President of Aker Kvaerner Subsea.

 

“The predictability a frame agreement offers is beneficial to both Woodside and us. We are very pleased that Woodside considered our technical solution to be the best and most cost effective one,” said Carlsen.

 

As part of the contract, Aker Kvaerner will be responsible for the design, manufacturing, testing, certification, delivery and installation support of the umbilical systems.