March 2006

Trends and Resources

HP Construction: Europe

Aker Kvaerner has a letter of intent (LOI) with Statoil to provide engineering and assistance for the procurement and construction management upgrade at the group's Mongstad refinery, north of Bergen,..

Jackson, Kim M., Hydrocarbon Processing Staff

Aker Kvaerner has a letter of intent (LOI) with Statoil to provide engineering and assistance for the procurement and construction management upgrade at the group's Mongstad refinery, north of Bergen, Norway. Contract value is initially €8.7 million. More value will be added to the agreement during the construction phase. Aker Kvaerner's scope includes basic and detailed engineering, together with procurement and construction supervision assistance – executed from its offices in The Netherlands. Reportedly, the energy integration project (EVM-RO) is strategically important to the refinery due to what is claimed to be substantial improvements to the complex's energy efficiency.

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