New service contract for Woodfield Systems Ltd

Woodfield Systems Ltd. has recently signed a new service contract with the BP Coryton refinery to provide two permanently based service engineers on-site in Essex, maintaining all the loading arm facilities and associated equipment.

The contract is for a five year period with an option to review after three years.

 “This order placement is excellent news for Woodfield Systems and further reinforces the close  working relationship we have with BP Coryton and the confidence BP have in our onsite support staff”, says Ian Mazerolle, Managing Director in Woodfield Systems.

ENDS

For further information, please contact:

Ian Mazerolle, Managing Director, Woodfield Systems, Tel.: + 44 (0) 1227 793351

Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542

Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39

AKER KVÆRNER ASA, through its subsidiaries and affiliates (“Aker Kvaerner”), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 21,000 employees in more than 30 countries.

The Aker Kvaerner group consists of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA.

The Products & Technologies organisation in Aker Kvaerner unites the product supply companies in the group to a strong global supplier of products and services to the oil and gas industry. The organisation covers a wide range of products from downhole services to marine equipment, topside and land based systems and equipment. Products & Technologies will focus on the united strength to provide our customers with the best solutions and services.

Maritime Hydraulics has for over thirty years been a market leader in design of drilling equipment and drilling facilities. The company is recognised for its development of new technology for deepwater drilling based on field-proven drilling equipment. Satisfying the industry’s requirements to efficiency, safety and operability has always been Maritime Hydraulics’s prime objective.  Maritime Hydraulics provides the international onshore and offshore industry with complete drilling equipment packages/modules (RamRig or conventional), full range of itemised drilling equipment,  well intervention packages, drilling support modules and drilling control system as well as land rigs. Maritime Hydraulics’s competitiveness is based on a unique combination of equipment deliveries, project execution capabilities and excellent after sales/service. Maritime Hydraulics can provide piece small equipment, derrick equipment sets and drilling support modules as complete EPC deliveries.

Woodfield Systems Ltd., an Maritime Hydraulics subsidiary, started trading in 1922, and has been designing and manufacturing Marine Loading Arms since 1954 and can demonstrate a continuous record of design, manufacture and service over this period.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com