Kvaerner Secures $11M Deepwater Project from BP

Kvaerner announced that Aker Kvaerner has been awarded a contract, worth $11 million, to supply advanced drilling and mooring equipment for BP. The advanced deepwater equipment has been developed and will be delivered by Maritime Hydraulics and Maritime Pusnes. The equipment is due for completion and delivery in the first quarter of 2003, and is for a semi-submersible platform which BP is having built for installation on the Thunder Horse oil field.