Aker Kvaerner Signs Subsea Equipment Deal With Woodside

Aker Kvaerner has signed a frame agreement with Woodside Petroleum to become the Australian oil and gas giant’s preferred supplier of steel tube umbilicals for its field developments off the western coast of Australia.

The agreement was signed for a three-year period with optional periods of one plus one year. The contract could be worth between NOK150 and NOK200 million annually.

Under the contract, Aker Kvaerner will be responsible for the design, manufacturing, testing, certification, delivery and installation support of the umbilical systems.

Raymond Carlsen, executive vice president of Aker Kvaerner Subsea, said: “It is of major strategic importance that we now get a proper foothold in the Australian market. The predictability a frame agreement offers is beneficial to both Woodside and us. We are very pleased that Woodside considered our technical solution to be the best and most cost effective one.”