Kvaerner secures extension to facilities/maintenance contract in AustraliaNews // May 24, 2002
The integrated services contract covers the operation support, maintenance, integrity and engineering for the Northern Endeavour FPSO (Floating, Production, Storage & Offloading)facility in the Timor Sea, offshore North West Australia.
The contract has been extended for a further two years until November 2004, with a continuance value of approximately A$ 40 million (US$20 million).
KFM, part of Aker Kvaerner, the oil and gas business area of Kvaerner, worked with Woodside to establish the maintenance and engineering systems during the design phase of the FPSO project and now manages and executes this programme for Woodside. The contract is a performance incentivised, out-sourced type, employing some 40 people in Western Australia and Darwin.