Aker Kvaerner Awards Invensys Automation Contract for Grassroots LNG Terminal in Louisiana

Project scope to include Foxboro I/A Series DCS, Triconex safety and fire & gas systems, Foxboro instrumentation, and engineering services

FOXBORO, MASSACHUSETTS, USA - March 8, 2007 - Invensys Process Systems has won an automation contract from Aker Kvaerner, Inc., a subsidiary of Aker Kvaerner ASA, that includes Foxboro (www.foxboro.com) distributed control systems (DCS), Triconex (www.triconex.com) safety systems and fire & gas systems, and Foxboro instrumentation.

Aker Kvaerner is the prime EPC responsible for engineering, procurement, construction, and commissioning for a new LNG receipt terminal being built near the Gulf Coast of Louisiana. The new terminal is designed to deliver 1.5 billion cubic feet (Bcf) of natural gas per day from imported liquefied natural gas, with planned site expansion to 2.65 Bcf per day. The project is anticipated to commence commercial operation in late 2008.

The Invensys contract covers process and safety systems for all storage and regasification processes, as well as remote control centers for marine unloading operations at the docks. Invensys will provide an integrated control system solution consisting of Foxboro I/A Series mesh-network-based distributed control systems (DCS), Triconex high-integrity pressure protection systems (HIPPS) and Fire & Gas systems, and field instrumentation, in a control infrastructure covering approximately 8,300 I/O points. Invensys will also implement SimSci-Esscor Operator Training Simulator (OTS) solutions for the LNG terminal's processes for use in optimizing plant design and operator training.

Invensys Process Systems, through its global centers of LNG excellence, will provide a range of hardware and software integration, configuration and engineering services, as well as on-site assistance with installation, commissioning, start-up and technical training.

Significant factors in the award were deep Invensys experience in LNG, along with Invensys technical leadership. Foxboro DCS, Triconex safety instrumented systems and SimSci-Esscor simulation solutions are used at dozens of LNG plants and terminals around the world. Utilizing global resources, Invensys project teams have brought together business consulting, system integration, automation control solutions, and project management for LNG companies worldwide.

About Aker Kvaerner

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 organized 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 Kvaerner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 23,000 people in about 30 countries. Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 55 000 employees and NOK 80 billion revenues. Aker owns 40.1 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.

About Invensys

Invensys is the world leader in industrial asset performance management. In addition to its rapidly expanding Global Solutions and Performance Management services groups, Invensys' automation business includes industry-leading brands such as Foxboro, Triconex, SimSci-Esscor, Wonderware, and Avantis, whose products are installed in more than 100,000 plants across the world. These range from small hybrid and batch plants to the world's largest upstream projects, refineries, gas plants, petrochemicals plants, power plants, and pulp and paper mills. For more information on Invensys' process automation businesses, please visit http://www.invensys.com/ps

The Invensys Group (www.invensys.com) is headquartered in London and is listed on the London Stock Exchange, with approximately 30,000 employees working in 60 countries.


Bob Palmer,

Paul Miller,

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