Aker Kvaerner wins contract from British Nuclear Group Project Services at Dungeness A Power Station

LONDON/STOCKTON-ON-TEES, 21 March 2005: Based on its long and safe track record in the nuclear industry, Aker Kvaerner's AK Engineering Services business has secured a contract from British Nuclear Group Project Services for work at the Dungeness A Power Station in Kent, United Kingdom. The project, valued at around GBP 3.5 million, involves modications and installation of equipment for waste retrieval as part of the Station Decommissioning Programme.

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The scope of work, to be executed from the firm's Stockton office, comprises engineering, procurement, construction and commissioning of FED (Fuel Element Debris) Waste Retrieval Equipment. Structural modifications and installation of equipment will be carried out to enable the removal, sorting and transfer of nuclear FED from the plant's active waste vaults.
 
Mark Leggett, President of AK Engineering Services, said, "Our in-house technical expertise and experience in the nuclear sector together with our HSE performance on similar projects were key factors in us being awarded this important contract. We are also delighted to be continuing our long-standing relationship with British Nuclear Group Project Services on this new assignment."  This is the second project of its kind to be secured by the firm in the last three years.
 
The project approach is based on the use of a waste retrieval and sorting philosophy as previously utilised by AK Engineering Services on similar projects. "The approach is safety-driven and cost-effective, providing the client with a value for money solution," added Alan Ainsley, AK Engineering Services Project Manager. The project is scheduled for completion by end 2005.
 
ENDS
 
For further information please contact:
 
Media: Torbjorn Andersen, SVP Group Communications, Aker Kvaerner: Tel: +47 67 51 3036 Mob: +47 928 85 542
 
UK: Sarah Weyell, Aker Kvaerner, Stockton-on-Tees, UK: +44 (0)1642 602221
 
1.        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 comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting 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. Aker Kvaerner has aggregated annual revenues of approximately NOK 35.6 billion and employs approximately 22,000 people in more than 30 countries.
 
2.        E&C Europe specialises in the provision of process technology, engineering studies (including bankable feasibility and environmental studies), total project management, engineering and design, procurement, construction, commissioning and maintenance services. With nearly 5,000 people based largely in Europe, E&C Europe serves a number of industrial sectors: refining and petrochemicals, pharmaceuticals & biotechnology, onshore oil & gas, power generation, chemical pulping, nuclear, water, and mining and metals.
 
3.        AK Engineering Services is the trading name of Aker Kvaerner Engineering Services Ltd., the legal entity responsible for the execution of the contract. AK Engineering Services is part of the E&C Europe business area and is one of the core businesses of the Aker Kvaerner group in Europe.  It provides total asset life cycle solutions including conceptual design, engineering, procurement, project management, construction and commissioning, through to operation and maintenance services, modifications and process improvements.  Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.
 
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com

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