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Aker Kvaerner Contract For Operations Of Al Zaafarana Platform in Egypt

Source: www.oilegypt.com 8/10/2007, Location: Egypt

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Aker Kvaerner has been awarded a contract for operation, management and maintenance of the Al Zaafarana FPSO offshore Egypt by operator Gemsa Petroleum Company and partners. The contract value is NOK 200 million for a five year contract period effective from 1 September 2007. Options for contract extensions are included in the contract.

The Al Zaafarana FPSO is located offshore Egypt in the Red Sea and is operated by Gemsa Petroleum Company (Gempetco). Produced oil is stored in the FPSO and is transported onshore by shuttle tankers. The average manning of the FPSO is approximately 25 persons. Under the new contract, personnel will be provided by Aker Kvaerner Operations and its partner Gravitas & Cie SA for the work at the Al Zaafarana FPSO.

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