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| Aker Kvaerner signs contract with Subsea 7 Norway Aker Kvaerner has signed a contract with Subsea 7 Norway for the manufacturing and supply of steel tube umbilicals for Norsk Hydro's Vega and Troll O2 developments in the North Sea. The contract, worth NOK 434 million, is one of Aker Kvaerner's largest stand-alone umbilical contracts to date. Aker Kvaerner Subsea will deliver approximately 60 kilometres of static and dynamic umbilicals to Subsea 7 for their developments at Norsk Hydro's Vega and Troll 02 fields. Umbilicals for the Troll O2 project represents NOK 33 million of the total contract value. Work on the umbilicals will commence immediately. They will be manufactured at Aker Kvaerner Subsea's facility in Moss, Norway. Delivery is scheduled for April 2009. write your comments about the article :: © 2007 Construction News :: home page |