Aker Kvaerner Secures Framework Contract with INEOS Manufacturing in Germany


29 January 2008 - Aker Kvaerner Germany GmbH has signed a three-year agreement with INEOS Manufacturing Deutschland GmbH to provide engineering services for plants located in Cologne and Marl, Germany.

The scope of the agreement covers engineering and design, project management and control services. Procurement, and construction management services, including the coordination and management of subcontractors, are also included in the agreement, as are expediting, quality control, scheduling, process supervision and HSE support.

"Aker Kvaerner is very pleased to continue this strong partnership with INEOS. The new framework contract reflects the value INEOS places in the quality of our services and a high degree of satisfaction from our ongoing relationship. The contract is a true recognition of our innovative approach to partnering. This latest award also supports our goals for continued growth and development of Aker Kvaerner in Germany," says Kay Radtke, Unit Manager for Aker Kvaerner Germany GmbH.

INEOS is a leading global manufacturer of petrochemicals, specialty chemicals and oil products. It comprises 19 businesses each with a major chemical company heritage. Its production network spans 73 manufacturing facilities in 19 countries throughout the world.

AKER KVAERNER 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 and Power Generation. The Aker Kvaerner group is organised in 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 Kv¦rner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 24 000 people in about 30 countries.

Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.27 percent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.

Aker Kvaerner's Process and Construction business area is a world leader in the project management, design and construction of major projects spanning refining, petrochemical processing, metals and mining, power generation, and acid plants. From initial concept through technology development, process technology application, design, procurement, construction, commissioning, operations, maintenance, modification and decommissioning, we provide our customers with the full life cycle of services. Process and Construction provides sound local expertise, combined with the depth and strength of global project operations.

AK Process is a trading name of Aker Kvaerner Germany GmbH. a wholly owned subsidiary of AKER KVAERNER ASA and the legal entity responsible for the execution of the work. AK Process serves the chemicals and polymers, refining and onshore oil & gas industries. It provides the full life cycle of a project from concept studies, through to design, engineering, project management, delivery of process technologies, procurement, construction and maintenance services. As a pure project execution/EPC specialist, AK Process can provide customers with strategic 'one-off' services or full turnkey solutions under a single project management control. It works with its customers in the development of major technological innovations, having participated in the conceptualisation and implementation of ideas, which are the foundation for world-class production facilities. Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.

For further information, please contact:

Media:
Jannik Lindb¦k jr, SVP Corporate Communication, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 977 55 622

UK: Vanessa Mourant, Communications Manager, Aker Kvaerner. Tel: +44 (0) 207 339 1064, Mob: +44 (0)7771 806566

Germany: Kay Radtke, Aker Kvaerner. Tel: +49 (0) 2173 904 330

Suppliers:

For further information about sourcing and potential subcontracts for this project, please contact: Rodger Liang, VP Supply Management, Process & Construction, Aker Kvaerner, Tel: +86 10 640 966 36

Career opportunities:

Visit: http://akerkvaerner.com/Internet/CareerCentre

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