January 2007

Trends and Resources

HP Construction: Europe

Aker Kvaerner has a contract to deliver process modules to Aker Floating Production's SMART floating production storage offloading (FPSO) vessels. Total contract value for Aker Kvaerner is approximate..

Jackson, Kim M., Hydrocarbon Processing Staff

Aker Kvaerner has a contract to deliver process modules to Aker Floating Production's SMART floating production storage offloading (FPSO) vessels. Total contract value for Aker Kvaerner is approximately (NOK) $350 million. Contract scope, to be performed by Aker Kvaerner Process Systems, will be engineering, procurement and fabrication services of separation modules, riser balcony modules and the flare system. This is presently for the first two FPSO conversions, involving "Aker Smart 1" and "Aker Smart 2." Process equipment for the first FPSO is scheduled to be delivered second-quarter 2007, and fourth-quarter 2007 for the second FPSO. Foster Wheeler Iberia, S.A. has a lump-sum contract

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