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| Aker Kvaerner signs agreement with Woodside Petroleum Norwegian engineering firm Aker Kvaerner has signed a frame agreement with Woodside Petroleum Ltd to become the Australian oil and gas giant's preferred supplier of steel tube umbilicals. The contract could be worth between NOK 150 - 200 million annually. The frame agreement is awarded for a three year period with optional periods of one + one year and has the potential to support Woodside Petroleum Ltd with its proposed LNG developments. The agreement will make Aker Kvaerner's subsea division the main supplier of steel tube umbilicals to Woodside's field developments off the western coast of Australia. Woodside is Australia's largest publicly traded oil and gas exploration and production company with a market value of AUD 34 billion (USD 30 billion). write your comments about the article :: © 2007 Construction News :: home page |