Spanish oil company Repsol YPF has awarded Aker Kvaerner a contract for the delivery of a subsea production system to projects off the east coast of
Financial details of the contract, which covers the Montanzo and Lubina projects, were undisclosed.
Under the deal, Aker Kvaerner will carry out engineering, procurement and construction of two subsea trees with control systems, connections and overtrawlable structures.
The project is based on Aker Kvaerner’s standard configurable tree (SCTTM), a tree system configured from standardised, stocked core components. It claims that the system offers significant reductions in lead times.
The equipment is scheduled for delivery in the first quarter of 2009. The project will be managed from
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