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    Aker Kvaerner signs LoI for Caspian Sea barges

    News // September 3, 2004
    Aker Kvaerner has signed a letter of intent to perform fabrication, outfitting and testing of seven barges for oil production in the giant Kashagan oilfield in the north Caspian Sea, offshore Kazakhstan.

    In the letter of intent, Agip Kazakhstan North Caspian Operating Company N.V. and Aker Kvaerner confirm their intentions to complete final negotiations and sign a contract for the work later this autumn. The work on the project starts immediately under an interim agreement.

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