Saturday, September 08, 2007

Aker Kvanerner has won a five year contract in Vietnam

Aker Kvanerner has won a five year contract worth around €38m from Cuu Long Joint Surfacing Company (CLJOC) to supply and install surface wellheads and valve trees in Vietnam.

The equipment, and associated components, will be used to support the new Sutu Vang (Golden Lion) and Sutu Den (Black Lion) fields of the Cuu Long Basin, and will be supplied by Aker Kvaenrner’s business area Subsea.

‘This award represents an important stepping stone for Aker Kvanerner as we further develop our surface business stream in Vietnam,’ said Dave Hutchinson, vice president for surface products and services for Subsea. ‘It is in line with our strategy of becoming the leading supplier of surface wellheads and trees in the Asia-Pacific region.’

Vietnam is said to be facing an energy shortage with rapid development of multiple industries.

‘Performance at Cuu Long is critical to ensure we meet the future energy demands of Vietnam,’ said Philip Webb, deputy general manager of CLJOC. ‘We are committed to this project and to providing energy for our people’s future.’