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4th quarter 2016 - Solid results through predictable project execution

Solid results through predictable project execution. Kvaerner delivered an adjusted EBITDA of NOK 219 million in the fourth quarter, and NOK 680 million for 2016.

Kvaerner awarded contract for offshore hook-up of the Johan Sverdrup riser platform

Kvaerner has together with Aker Solutions been awarded a contract for offshore hook-up of the riser platform for the Johan Sverdrup field.

Subsea on a Stick®

Subsea on a Stick® (SoS) is strongly competitive with subsea tieback solutions and highly cost effective for development of marginal fields.