Aker Kvaerner Awarded Subsea Frame Agreement for Petrobras

Aker Kvaerner has been awarded a two year frame agreement to supply subsea christmas trees to Brazil's national oil company Petrobras. The contract has a value of approximately USD 84 million.

The scope of work comprises 30 subsea christmas trees with associated tools. First call-off is to comprise 9 dual-bore christmas trees designed to 2000 metre water depth plus associated sets of tools. Deliveries are to be completed from Aker Kvaerner's facility in Curitiba, Brazil, for delivery in the next 12 months. The duration of the frame agreement is two years, with an option to extend by one year.

"This award confirms not only Aker Kvaerner's performance and close cooperation with Petrobras on previous similar projects, but also Aker Kvaerner's established position as a strong supplier of christmas trees in Brazil," says Raymond Carlsen executive vice president, Aker Kvaerner Subsea.

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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Posted 01/08/06

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