Aker Kvaerner signs first subsea contract with Repsol YPF

Aker Kvaerner has been awarded its first subsea contract from Spanish oil company Repsol YPF. The deal is for the delivery of a subsea production system to the Montanzo and Lubina projects off the east coast of Spain. This is Aker Kvaerner’s first subsea project in the region. Contract value is undisclosed.