Aker Kvaerner wins another big job

While drama continues to swirl around industrialist Kjell Inge Roekke, his Aker Kvaerner business got some good news on Wednesday.

While drama continues to swirl around industrialist Kjell Inge Roekke, his Aker Kvaerner business got some good news on Wednesday. It said it had won another major contract, this one from Norwegian oil company Statoil.

Statoil announced that it had awarded Aker Kvaerner a contract for hook-up and installation work on a liquefied natural gas installation under contruction at the Snow White field off northern Norway.

The contract is worth more than NOK 1.5 billion (about USD 210 million).

Work is due to start in early January and be finished in December 2005.

The job will involve around 1.5 million hours of work on the site at Melkoeya, near Hammerfest, along with another 200,000 hours of pre-fabrication work involving steel framing and pipes.

Statoil has responsibility for site work at Melkoeya.

Statoil's formal partner in the deal is Aker Stord, but several other Aker Kvaerner companies will play central roles in the project. Among them are Aker Kvaerner Elektro and Kvaerner Rosenberg.

The Snow White job is the third major contract won by Aker Kvaerner recently. Last week it was chosen to work on a gas plant in the US, while its Kvaerner Masa shipyard in Finland won a contract to build what will be the world's largest cruiseship.

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