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    Kvaerner secures LoI for Kristin subsea project

    News // February 15, 2002
    Kvaerner has received a Letter of Intent to provide equipment for ten subsea wells, production controls, and support structures for the Kristin field operated by Statoil on the Norwegian shelf.

    The order, awarded to Kvaerner Oilfield Products, is worth in excess of $110 million, and will involve the supply of equipment from Kvaerner companies in the US, the UK, and Norway.

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