NOK 1 billion subsea contract to Aker Kvaerner

StatoilHydro has today, on behalf of the Morvin license group, awarded Aker Kvaerner a contract for the engineering, procurement and construction (EPC) of a complete subsea production system for StatoilHydro’s Morvin field in the Norwegian Sea. The contract, worth approximately NOK 1 billion, is a testament to Aker Kvaerner’s unique high-pressure/high-temperature (HPHT) subsea technology.