Aker Kvaerner signs deal with Aker Oilfield Services

Aker Kvaerner has signed a letter of intent with Aker Oilfield Services and is set to expand its subsea service offering by providing equipment and personnel to the world’s first deepwater Subsea Equipment Support Vessel (SESV). The contract, to commence latest 2010, is worth approximately USD 60 million over an initial five year period.