Aker secures Blind Faith work

Aker Kvaerner has been awarded a contract for marine operations associated with the Blind Faith development from Chevron and partner Kerr-McGee. The contract value is estimated at approximately $35 million.

Offshore staff

(US, GoM) - Aker Kvaerner has been awarded a contract for marine operations associated with the Blind Faith development from Chevron and partner Kerr-McGee. The contract value is estimated at approximately $35 million.

The new contract will be executed by Aker Marine Contractors (AMC). The contract workscope includes installation of a mooring system, topside transport, transportation and installation of theBlind Faith semisubmersible platform as well as hook up of the facility's risers.

"This contract award confirms the competitiveness of AMC in the deepwater installation market. Aker Kvaerner has already been awarded the contract for delivery of the hull and mooring system," said Torgeir Ramstad, president of AMC.

AMC will perform all engineering and construction activities related to transportation and installation of the Blind Faith platform. The semi will be installed in Missisippi Canyon block 650, approximately 162 mi southeast of New Orleans. The water depth on site is approximately 2,000 m.

AMC has nominated itsBOA Sub C vessel for the installation work. The vessel is currently being outfitted in Spain and is expected to be ready for service by the end of 2006.

AMC says the project is underway, with transportation and installation work scheduled to begin in September 2007.

12/28/05

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