Results according to plan, positioning for several new contracts in progress

    Kvaerner's second quarter and half-year result are in line with the financial targets for 2019. The EBITDA result for the Field Development segment was NOK 132 million in the second quarter compared to NOK 118 million in the same quarter last year. The corresponding EBITDA margin was 6.9 percent in the last quarter, up from 6.4 percent in the second quarter of 2018.

    A record platform on its way to the Valhall field

    16 June 2019 – Today the topside for the Valhall Flank West wellhead platform is transported from Kvaerner in Verdal to the field operated by Aker BP. At the time of delivery, the platform sets a new standard for how complete an installation can be before sailaway.

    Kvaerner awarded FEED study on Jackdaw UWP

    24 June 2019 – Kvaerner has entered into a contract with Shell UK to perform an early phase design engineering of the planned Jackdaw wellhead platform on the United Kingdom Continental Shelf. The job will be executed by Kvaerner’s specialised engineering group in Trondheim and Oslo in cooperation with Leirvik and Rambøll in Oslo and Esbjerg, Denmark. Jackdaw will be an unmanned platform with a compact deck on a steel substructure standing on the seabed.