Subsea contracts for Aker Kvaerner

has signed a letter of intent with

to deliver a complete subsea production system for a customer in India. Aker Kvaerner will also deliver the marine installation of the floating production storage and offloading (FPSO) vessel to be leased out by Aker Floating Production. The total value of Aker Kvaerner's contracts is approximately $250m.

Aker Kvaerner is scheduled to install the FPSO and mooring system and deliver the subsea production system by February 2008. The subsea production system will be installed at 1100-1400 metres water depth and includes trees, manifolds, controls and umbilicals.

Aker Kvaerner Subsea will supply the subsea equipment and Aker Marine Contractors will be responsible for the installation of the FPSO and subsea equipment. Aker Kvaerner Pusnes will deliver equipment for the mooring and offloading system to the FPSO.

Atlantia has also awarded Aker Kvaerner a contract a $23m contract for installation of a semi-submersible floating production unit (FPU) for the Thunder Hawk development system in the Gulf of Mexico. Atlantia will be the client and owner of the FPU and Murphy Exploration and Production Company will operate the platform.