Aker Kvaerner to Deliver Process Systems to MODEC

Aker Kvaerner has signed a contract with MODEC International LLC for delivery of process modules for a floating production facility (FPSO). The total contract value for Aker Kvaerner is approximately USD 13 million.

The scope to be performed by the Aker Kvaerner subsidiary, Aker Kvaerner Process Systems, will be engineering, procurement, construction, assembly, test and delivery of Aker Kvaerner's sulphate removal unit (SRU) and deaerator system.

Engineering will be executed from the office in Oslo, Norway. Construction, assembly and testing will be carried out at Aker Kvaerner's new manufacturing facility in Port Klang, Malaysia. This will be the first delivery of process technology from this new facility in Malaysia which is a benefit regarding the relative short distance to the client's office in Singapore.

MODEC is a leading provider of floating production facilities (FPSO, PSO and TLP) The FPSO will be capable of crude processing and gas separation and compression. The FPSO will have an oil storage capacity of 1,600, 000 barrels. The FPSO is expected to start the production in the field in the fourth quarter of 2008.

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Posted 20/04/07

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