Aker Kvaerner has signed a three-year frame agreement with Petrobras to supply subsea trees and related equipment in Brazil. The agreement is worth USD 223 million. Scope of work comprises 45 subsea trees, six complete tool sets plus related accessories and spare parts. Work for all equipment will be managed and completed from Aker Kvaerner’s manufacturing facility in Curitiba, Brazil. All delivery dates are agreed and will start Q3 2009, with final deliveries targeted for the end of 2011. The contract party is Aker Kvaerner’s subsidiary Aker Kvaerner Oil & Gas do Brasil Ltda.
