Aker Kvaerner wins contract for modification of Statoil Norne FPSO

Statoil has awarded Aker Kvaerner a contract for modification of the Norne FPSO topside for tie-back of the Alve satellite field. The contract is a full EPCI contract including engineering and procurement, through construction to installation. The contract value is approximately NOK 390 million and project completion is scheduled for March 2009.