Major umbilical contract to Aker Kvaerner

Aker Kvaerner has signed a contract with Subsea 7 Norway for the manufacturing and supply of steel tube umbilicals for Norsk Hydro’s Vega and Troll O2 developments in the North Sea. The contract, worth NOK 434 million, is one of Aker Kvaerner’s largest stand-alone umbilical contracts to date.