Norway: another Ormen Lange contract

Hydro intends to give Aker Kvaerner the main installation contract for the new Ormen Lange onshore plant on the NW coast of Norway. A letter of intent was signed by Hydro and Aker Kvaerner today. The contract value is approximately NOK 4.3 billion. The main installation contract is Aker Kvaerner’s third large contract for the Ormen Lange project. The first contract with a contract value of NOK 1 billion was awarded in March 2003, and it comprised front-end and detailed engineering, procurement and construction management support. In July 2004 the second contract was awarded, comprising engineering, procurement and construction of the import and export area on the Ormen Lange onshore plant. The contract value was NOK 2 billion.




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