Aker Kværner wins $25 million contract

Offshore staff

Aker Kværner has won a project management contract worth $25 million for South Pars phases 9 and 10. The new project management contract represents the first field development engagement for Aker Kværner in Iran. The contract is also a significant recognition of Aker Kværner 's project execution skills, the company says. The work will start immediately and will last for 4 years.

Aker Kværner will assist the national operator Pars Oil and Gas Co. in managing a $1.8 billion contract for the development project comprising phases 9 and 10 of the South Pars gas field off Iran in the Persian Gulf.

Aker Kværner partnered with the Teheran based, private engineering company Hirbodan for the contract. The assignment will employ approximately 10 people from Aker Kværner and 40 people from Hirbodan.

"This is a good project for Aker Kværner. 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 Kværner 's Executive Vice President Simen Lieungh.

The National Iranian Oil Co. 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 bcf/d. The contract 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 Co. and the Oil Industries Engineering & Construction Co.

04-28-05