Technip Norge AS has awarded Kvaerner a sub-contract for the Fjord Base and Support Services related to the upending and make ready for mating operations of the substructure for the Aasta Hansteen Spar platform.

Kvaerner's scope includes providing services and assistance to Technip during mooring, upending, ballasting, installation of predefined equipment and preparation of the Aasta Hansteen Spar for mating with the topside. The mooring site will be in Digernessundet, an established deep-water site in the vicinity of the Kvaerner yard at Stord.

The spar is scheduled to arrive at Stord late summer 2015. The spar shall be ready for mating at year end 2015.

With a total length of 198 meters, Aasta Hansteen will be the world's largest spar platform, and the first of its kind on the Norwegian continental shelf. Statoil has contracted Technip and Hyundai Heavy Industries (HHI) in a consortium to engineer, procure and construct (EPC) the Aasta Hansteen spar substructure. The spar hull will be engineered by Technip in Houston and fabricated by HHI in Ulsan, Korea. The hull will be transported on a heavy lift carrier to Kvaerner's facilities at Stord.

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. Kværner 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 2 800 HSSE-focused and experienced employees are recognized for delivering some of the world's most amazing and demanding projects.

In 2012, the Kvaerner group reported consolidated annual revenues of close to NOK 11 billion and the company reported an order backlog at 30 September of almost NOK 27 billion. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo Stock Exchange on 8 July 2011.

About Technip

Technip is a world leader in project management, engineering and construction for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 38,500 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.