Kværner ASA: Kvaerner authorised for further work on Hebron GBS
(Thomson Reuters ONE) -
25 April 2012 - Kiewit-Kvaerner Contractors, the 50/50 joint venture between
Peter Kiewit Infrastructure and Kvaerner, has been authorised by ExxonMobil
Canada Properties (EMCP) to proceed with work on the Hebron Project gravity
based structure (GBS) project in Newfoundland and Labrador, Canada.
The authorisation follows substantial completion of front end engineering and
design services and awards the next phase, which includes detailed engineering,
procurement and construction (EPC) related services. Kvaerner estimates its
share of this work to be approximately USD 125-150 million.
ENDS
For further information, please contact:
Media:
Mariken Holter, SVP Corporate Communications, Kvaerner, Tel: +47 67 52 74 35,
Mob: +47 917 87 358.
Investor relations:
Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob:
+47 950 38 364
About Kvaerner:
With more than 3 200 HSE-focused and experienced employees, Kvaerner is a
specialised provider of engineering, procurement and construction (EPC) services
for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries
and affiliates ("Kvaerner"), is an international contractor that plans and
realises some of the world's most demanding projects as a preferred partner for
upstream and downstream oil and gas operators, industrial companies and other
engineering and fabrication contractors.
In 2011, the Kvaerner group had aggregated annual revenues of more than NOK 13
billion and the company had an order backlog at 31 December 2011 of more than
NOK 10 billion. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo
Stock Exchange on 8 July 2011. For further information, please visit
www.kvaerner.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kværner ASA via Thomson Reuters ONE
[HUG#1605618]
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Datum: 25.04.2012 - 02:02 Uhr
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