Kvaerner awarded two contracts for disposal of platforms

Kvaerner has entered into an agreement with Allseas for the recycling of the topside and bridge of the 36-year-old Valhall QP platform when Allseas removes this installation for operator Aker BP in 2019. The structures will be deconstructed during winter 2019 and spring 2020.

Kvaerner has also signed a contract with Saipem Uk for disposal of the Varg A installation. Saipem will remove the installation from the field on behalf of Repsol. Varg A was originally  delivered by Kvaerner’s yard in Verdal, Norway in 1997. The topsides, mono-tower, piles and various ancillaries will be delivered to Kvaerner’s disposal site at Stord during the summer of 2018 for deconstruction and recycling.    

Kvaerner’s  facility at Stord is specialised in environmentally responsible disposal, reuse and recycling of components and materials from offshore platforms and underwater installations that have completed their production. There are a large number of such installations on the Norwegian continental shelf and an even larger number in the rest of the North Sea area. Kvaerner aims to increase existing operations in the removal and recycling of such facilities that end their production.

"Over the last year we have secured several contracts for recycling of closed-down oil and gas facilities. With an increasing number of offshore installations reaching the end of their production, the agreements with Allseas and Saipem for removal and recycling are strategically important to us”, says Guro Høyaas Løken, SVP Decommissioning & Marine Operations in Kvaerner.



Varg A
(Photo:Talisman Energy Norge AS)
Valhall QP topsides and bridge (left)
(Photo: www.akerbp.com)

 

For further information, please contact:

Media inquiries:Odd Naustdal, Head of Communications West Norway, Kvaerner, Mob: + +47 905 76 079

Investor inquiries:Ingrid Aarsnes, VP Investor Relations & Communications, Kvaerner, Mob: +47 950 38 364

About Kvaerner:
Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore plants for upstream oil and gas production around the world. Kvaerner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 2 600 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects.


In 2016, Kvaerner's Field Development segment had consolidated annual revenues of more than NOK 10 billion and the company reported an order backlog at 30 September 2017 of NOK 8.2 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com.