Aker Kvaerner wins major nuclear decommissioning contract at Hunterston A Site

4 October 2007 - Aker Kvaerner has been awarded a GBP 16 million contract by Magnox Electric Limited, to design, build and install a plant for the retrieval and encapsulation of wet intermediate level wastes (ILW) at Hunterston A Site in West Kilbride, Scotland. The project is part of the site's nuclear decommissioning programme and will commence immediately with a 38-month project duration. Plant start up is expected in July 2010.

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The scope of the contract includes engineering design from Aker Kvaerner's Stockton and Warrington offices, as well as the manufacture, construction, site commissioning, and safety case work for a facility that will carry out the safe retrieval and cementatious encapsulation of the wet ILW wastes. 
 
Dave Ley, President of Aker Kvaerner Engineering Services, comments, "Aker Kvaerner has applied extensive design, engineering and practical experience in the handling of Magnox sludges and effluents, and has been able to offer a unique and robust retrieval and encapsulation solution for the Hunterston A wet wastes."

Aker Kvaerner and joint venture partnerships have now secured over GBP 50 million of nuclear services work since the start of the year. This is the third multi-million pound nuclear project to be secured in the last six months. It follows the recent retrievals (announced 22 May 2007) and export (announced 22 February 2007) contract awards at Sellafield.  
 
ENDS
 
For further information, please contact:
 
Media:
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
Vanessa Mourant, Communications Manager - Aker Kvaerner, UK. Tel: +44 (0) 207 339 1064 Mob: +44 (0)7771 806566
Sarah Weyell, Aker Kvaerner, UK. Tel: +44 (0)1642 343217
 
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
 
Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact Jeff Clark, Manager of Supply Management, on Tel: +44 (0)1642 331714
 
Career opportunities:
 
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 and Power Generation. The Aker Kvaerner group is organised in 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 50 billion and employs approximately 23 000 people in about 30 countries.
 
Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.27 percent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.
 
Aker Kvaerner's Process and Construction business area is a world leader in the project management, design and construction of major projects spanning refining, petrochemical processing, metals and mining, power generation, and acid plants.  From initial concept through technology development, process technology application, design, procurement, construction, commissioning, operations, maintenance, modification and decommissioning, we provide our customers with the full life cycle of services.  Process and Construction provides sound local expertise, combined with the depth and strength of global project operations.
 
Aker Kvaerner Engineering Services is the trading name of Aker Kvaerner Engineering Services Ltd., the legal entity responsible for the execution of the contract. Aker Kvaerner Engineering Services is part of the Process & Construction business area and is one of the core businesses of the Aker Kvaerner group in Europe. It is a leading provider of both turnkey and reimbursable engineering solutions and life cycle services to the nuclear, water, metals, energy and process industries in the UK and worldwide.
 
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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