Subsea Contract to Aker Kvaerner

Aker Kvaerner's subsea company, Kvaerner Oilfield Products, has received a letter of intent with a value of approximately NOK 500 million from a client to supply subsea equipment for a project.

The contract is expected to be formally signed in the next few weeks. The project will include delivery of a complete system with subsea trees, production control system, umbilicals, structures, and manifolds.

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Posted 19/04/05

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