Aker Kvaerner will assist the national operator Pars Oil and Gas
Company (POGC) in managing the USD 1.8 billion total contract (EPC)
for the development project comprising phases 9 and 10 of the South
Pars gas field located offshore Iran in the Persian Gulf. Aker
Kvaerner has partnered up with the Teheran based, private engineering
company Hirbodan for the contract. Hirbodan has strong track record
of management for several major projects. The assignment will employ
approximately 10 persons from Aker Kvaerner and 40 persons from
Hirbodan.
Aker Kvaerner has a history as a product and technology supplier in
Iran, providing processing equipment, drilling equipment and well
heads. The new project management contract represents the first field
development engagement for Aker Kvaerner in Iran.
"This is a good project for Aker Kvaerner. Our track record on
executing large projects and the teaming up with a competitive
Iranian partner were important winning factors for the contract",
says Aker Kvaerner's Executive Vice President Mr. Simen Lieungh.
Facts about South Pars 9 and 10:
National Iranian Oil Company (NIOC) is developing the giant South
Pars Gas field development project in a number of phases. The
operator, POGC, is a subsidiary of NIOC. Phases 9 and 10 will have an
output of 2 billion cubic feet gas per day. The EPC will be executed
by a consortium lead by GS E&C in Korea, which has teamed up with two
Iranian contractors, the Iranian Offshore Engineering and
Construction Company and the Oil Industries Engineering &
Construction Company.
The project comprises the following:
Part I) Offshore Platforms
Two unmanned wellhead platforms equipped with minimum production
facilities. In addition, two relief platforms, each bridge-connected
to the associated wellhead platform.
Part II) Subsea Pipelines
Two 32 inch pipelines with a capacity of 1 billion standard cubic
feet per day. The pipelines will transport the unprocessed offshore
hydrocarbon production from each wellhead platform to the onshore gas
treatment plant.
Part III) Onshore Facilities
One gas treatment plant in Assaluyeh with capacity for 2 billion
standard cubic feet per day, with its processing units, utilities
production and distribution, general facilities and necessary
buildings. After treatment the gas will be sent to the domestic gas
network, and extracted condensate will be stored in tanks for export.
ENDS
For further information, please contact:
Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47
67 51 30 36, Mobile phone: +47 928 85 542
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 911
37 194
AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker
Kvaerner"), is a leading global provider of engineering and
construction services, technology products and integrated solutions.
The business within Aker Kvaerner comprises several industries,
including Oil & Gas, Refining & Chemicals, Mining & Metals,
Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper.
The Aker Kvaerner group is organised into two principal business
streams, namely Oil & Gas and E&C, each consisting of a number of
separate legal entities. Aker Kvaerner is used as the common
brand/trademark for most of these entities. The parent company in the
group is Aker Kværner ASA. Aker Kvaerner has aggregated annual
revenues of approximately NOK 35.6 billion and employs approximately
22,000 people in more than 30 countries.
Aker Kvaerner Engineering and Technology has about 800 employees and
their main office is located at Lysaker near Oslo. The company has
extensive experience and competence within development of technology
and concepts, in addition to execution of larger projects. AK E &T
has been involved in the development of most oil- and gas fields on
the Norwegian Continental Shelf. The company has also played an
active role in several terminal and onshore projects in Norway. AK
E&T is presently involved in several international projects based on
their competence and products, such as LNG terminals.
This press release may include forward-looking information or
statements and is subject to our disclaimer, see our web-pages
www.akerkvaerner.com
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