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Aker Kvaerner cashes in with Smart 1 rejig



By Upstream staff 

Aker Kvaerner is set to deliver equipment and carry out modifications to Aker Floating Production's Smart 1 floating production storage ad offloading vessel, it said today, adding the deal was an amendment to a job awarded in November for the Smart 1 and 2 vessels.

The total contract value for the Smart 1 work is now about Nkr610 million ($101.3 million), an increase of Nkr430 million since November 2006.

The scope of work which will be undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Process Systems includes delivery of two separation modules, one utility module and two skids for the flare system.

The modules will be fabricated in Dubai and installed on the FPSO in Singapore. Delivery is expected in third quarter of 2007. Engineering, procurement and fabrication follow-up is carried out by Aker Kvaerner's Process Systems office in Oslo.


Wednesday, 20 June, 2007, 12:01 GMT  | last updated: Wednesday, 20 June, 2007, 12:01 GMT

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