Source Pravda.Ru

Kvaerner's Australian Unit Awarded Woodside Extension

Kvaerner announced that its Perth based operations and maintenance specialist unit, Kvaerner Facilities Management (KFM), has been awarded an extension to its existing contract from Woodside Energy Limited. The integrated services contract covers the operation support, maintenance, integrity and engineering for the Northern Endeavour oil producing FPSO Facility, located 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 AUD 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 program for Woodside. The contract is a performance based, out-sourced type, employing some 40 people in Western Australia and Darwin.

Operations Director, KFM Australia, Tony Ramshaw commented; "This is a unique contract for Woodside in that Kvaerner's incentive scheme is directly tied to Woodside’s own performance targets – not just the contractor’s element. It is a model contract demonstrating the value that a contractor can bring to an operator when services are out-sourced. It really focuses the Kvaerner team to strive for the best result for Woodside. The decision to extend our contract over six months before it was due for renewal is a clear recognition of our performance." Ramshaw concluded: "Another first for Woodside is that Kvaerner's Head of Engineering & Maintenance has deputized for the Woodside Asset Manager during the project. This and Woodside's own internal audits have confirmed the excellent working relationships and team spirit that exists between Kvaerner and Woodside."

Kvaerner's contribution has been significant in the level of results achieved for the Northern Endeavour since coming on stream in November 1999: First year availability was 96%, a new world benchmark for an FPSO. Almost 100m bbl of oil has been produced to date. Very high standards for Health, Safety and Environment have been set. KFM has won a number of engineering and maintenance 'excellence' and safety awards over the past two years due to the quality of service provided.

Visit to

&to=http://www.kvaerner.com/group/' target=_blank>KVAERNER

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Comments
After Syria, Russia goes to Afghanistan
After Syria, Russia goes to Afghanistan
After Syria, Russia goes to Afghanistan
After Syria, Russia goes to Afghanistan
Americans obtain secret information about Russia’s new Avangard missiles
Putin parades Russia's new 'fantastic' weapons that no one else in the world has
Americans obtain secret information about Russia’s new Avangard missiles
Serbia will recognize Kosovo only over its dead body
Americans obtain secret information about Russia’s new Avangard missiles
Putin does not exclude war with Ukraine in Donbass
Russian party girl Nastya Rybka refuses to please Washington
Serbia will recognize Kosovo only over its dead body
Putin makes first public comment on Russian pension reform
Serbia will recognize Kosovo only over its dead body
Putin warns of consequences should Georgia and Ukraine become NATO members
The Big Brexit mistake
Putin makes first public comment on Russian pension reform
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body