Aker Kvaerner awarded $300 million offshore oil contract

TotalFinaElf has awarded Aker Kvaerner a $300 million contract to deliver subsea oil production systems for the Dalia offshore oil project in Angola.

Aker Kvaerner’s subsidiary Kvaerner Oilfield Products (KOP) will deliver 67 christmas trees and wellhead systems, nine manifolds, two work-over systems and all related connection systems.

Installation of the first subsea equipment is scheduled for the end of 2004. The field is planned to come on stream during the second half of 2006.

The manufacture of the subsea christmas tree components will take place at KOP’s factory in Houston, USA. The assembly of the trees will be carried out in Tranby near Oslo. Controls components manufacturing and assembly are to be carried out at KOP’s plant in Aberdeen, UK.

The manufacture of six manifolds and related seabed support systems will be carried out at the Lobito Sonamet yard, a joint venture between the Angolan national oil company Sonangol and the offshore service company Stolt Offshore.

‘Together with our other recent contracts, this award confirms again Aker Kvaerner’s position as a leading supplier of advanced subsea systems. The Dalia contract represents Aker Kvaerner’s break-through for deliveries in the very demanding market offshore Africa,’ said Raymond Carlsen, President of KOP.