Kvaerner has received a letter of award from A/S Norske Shell for Engineering, Procurement, Construction and Management (EPCM) for modifications and projects at the Ormen Lange/Nyhamna onshore facilities on the west coast of Norway. The contract is a framework agreement with duration of six years, and options for additional two plus two years. The estimated contract value is NOK 6 billion, excluding options.

"This is a major onshore contract, and the largest of its kind in Norway this year. We are proud to have won this important contract, which we believe demonstrates a faith in our project execution model and ability to deliver complete solutions to the client," says Kvaerner President & CEO Jan Arve Haugan.

"Kvaerner has a strong HSE performance, which was an important factor in the tender process. We are particularly pleased that key personnel with significant experience from similar operations and projects will be made available for us by Kvaerner", says A/S Norske Shell's Project Director Bernt Granås.

Tags: Kvaerner