Aker Kvaerner signs frame agreement with Woodside

Offshore staff

STAVANGER -- Aker Kvaerner has signed a three-year frame agreement to support Woodside Petroleum's 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. Aker Kvaerner will be responsible for the design, manufacturing, testing, certification, delivery, and installation support of the umbilical systems.

"It is of major strategic importance that we now get a proper foothold in the Australian market," says Raymond Carlsen, executive VP for Aker Kvaerner Subsea. "The predictability a frame agreement offers is beneficial to both Woodside and us. We are very pleased that Woodside considered our technical solution to be the best and most cost effective one."

11/26/2007