First quarter results 2018: Robust results and order intake

    Kvaerner's Field Development segment delivered EBITDA results of NOK 205 million. This is a growth of more than 70 percent compared to one year ago when Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the Field Development Segment, ended at NOK 120 million.

    Kvaerner and Aker Solutions letter of intent for Johan Sverdrup phase 2

    Kvaerner has in a 50/50 joint venture with Aker Solutions been awarded a letter of intent with Statoil for modifications of the riser platform and the field center for the Johan Sverdrup development. At peak, the work will involve about 2 000 employees in the two companies as well as subcontractor personnel. The total value of the agreement is around NOK 3.4 billion.

    Kvaerner contracts for the Johan Castberg FPSO

    Kvaerner has signed a contract with Statoil for delivery of the topside modules for the Johan Castberg floating production vessel (FPSO), as well as for hook-up and integration of the topside modules with the hull. Kvaerner's scope for the FPSO will at peak involve around 2 000 Kvaerner employees and subcontractor personnel. The contract value is approximately NOK 3.8 billion.