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Letter of intent signed with Aker Kvaerner

Aker Kvaerner has awarded Kongsberg Maritime a Letter of Intent for integrated control systems for safety and process automation on board a semi- submersible production platform destined to be used on the Gjoa oil and gas field in the North Sea. Aker Kværner will be building the platform deck, attaching it to the hull and preparing the platform for operation. Gaz de France Norway will be operator of the field. The contract is valued at approx. MNOK 80.

Besides safety and automation systems, the contract covers the delivery of a process simulator, as well as integrated engineering for Aker Kværner. This contract requires the extensive use of so-called `integrated operations`, a technology and work process which make it possible to monitor and control large parts of the offshore operations from onshore. Located 60 kilometres outside the Sogne Fjord, the Gjoa field is scheduled to come on stream in 2010.

Torfinn Kildal, president of Kongsberg Maritime, remarks that this contract is an important link in the company`s initiatives in the oil and gas industry, and is a good fit with the strategy behind the acquisition of Sense Intellifield.

Read more about Gjøa on Staoil's web site