we realise the world’s most amazing and demanding projects. · engineering our multi-discipline...

Engineering Our multi-discipline organisation covers all of the technical and administrative functions needed to execute demanding engineering tasks for upstream oil and gas projects.

ProcurementSome of the platforms and onshore plants we deliver include more than 100 000 unique, tagged items plus vast amounts of bulk materials, sourced from top-quality suppliers all around the world. Our procurement and supply management organisations have the expertise to handle procurement and manage suppliers on behalf of our customers. They take a systematic, proactive approach to optimising the total cost, risk, quality, lead-time and HSSE of all procured products and services.

ConstructionKvaerner has more than 50 years of expertise from operating specialised fabrication facilities. By combining our modern, state-of-the art in-house facilities in Norway with cost effective fabrication from our high quality partner yards globally, we offer delivery of complete platforms and onshore plants with optimised cost, high quality and fast track schedules.

Complete offshore platforms and onshore plantsKvaerner delivers complete oil and gas offshore platforms and onshore process plants to operators and other customers.

We specialise in executing engineering, procurement and construction (EPC) projects and are recognised as a world leader in delivering projects in challenging environments, with strict budget frames and within demanding schedules.

Who we are and what we do

We realise the world’s most amazing and demanding projects.

Complete offshore platforms and onshore plants delivered predictably

Customers recognise Kvaerner as an expert in delivering cost-efficient project execution and effective oil and gas production facilities.

Predictable project executionKvaerner has an organisation of 2 800 employees with expertise and experience covering all phases of a project’s life cycle. We also have the ability to call on a workforce of skilled personnel from strategic partners, subcontractors and suppliers, with whom we have well-established relationships.

We have a long track record of enabling oil companies to realise some of the world’s most demanding and amazing projects. In doing so, we strive to add value to our customers and shareholders, as well as to the nations and local societies in which we operate.

HSSEAt Kvaerner, concern for health, safety, security andthe environment (HSSE) is a core value. In our experience, strong HSSE performance is good for business, and the only responsible way to operate.

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Offshore topside facilities Floating production systems for oil and gas

Concrete GBS for offshore platforms

Steel jackets for offshore platforms

Onshore upstream facilities

TOPSIDES FPS CONCRETE JACKETS ONSHORE

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Kvaerner provides solutionsthat solve problemsand add value todemanding projects

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The problem solver

Kvaerner’s abilities go beyond cost-effective execution of pre-defined projects. Numerous oil companies around the world have employed us to develop solutions for projects that have come up against unique challenges. We thrive in these situations and use all of our experience and expertise to develop concepts that are technically robust and offer sufficient flexibility through decades of operations. Often, part of the challenge is to provide solutions that bring a costly project within the required budget frames. Kvaerner is able to offer a concept and an execution plan that solves engineering issues, while meeting the customer’s requirements, including high HSSE performance, and a high degree of local content.

Kvaerner offers solutions that solve problems andadd value to demanding projects.

Kvaerner’s “Subsea on a stick®” concept for simple, unmanned wellhead platforms.

Kvaerner’s new concept for year-round drilling in arctic conditions.

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Arctic – Concrete installations

For concrete offshore installations, Kvaerner’s capability and track record cover the full value chain. Our deliveries span from conceptual and feasibility studies, front-end engineering and design (FEED), detailed engineering, global procurement and project management through construction and outfitting to commissioning and installation offshore.

For concrete substructure developments, Kvaerner can offer concepts for platforms with a concrete substructure sitting on the seabed, floating production platforms with a concrete hull, or terminals and facilities with process equipment installed on a concrete foundation.

Kvaerner has delivered more offshore platforms for Arctic and sub-Arcticconditions than any other contractor. Constructing platforms with concrete offers clear advantages in harsh climates, while allowing for cost-effective project execution and local construction.

The Hebron platform offshore Canada. Kvaerner is the EPC contractor for the concrete gravity base structure (GBS).

Adriatic LNG: Artificial island based on a concrete GBS terminal for reception and import of LNG offshore Italy.

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Kvaerner delivered the LUN-A and PA-B concrete gravity base structures, which weresuccessfully installed off the east coast of Russia, as part of the Sakhalin-II project.

Designed and constructed for

arctic environments with heavy ice loads

Designed and constructed to withstand

seismic activity

Two platform substructures developed with a total high-performance concrete weight of 150 000 tonnes

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Water depth: 141 metres

Jacket weight: 22 300 tonnes

Jacket height: 168 metres

Bottomelevation: 85 x 68 metres

Kvaerner delivered the Clair Ridge DP and QU jackets, which were successfully installed in the offshore field west of Shetland.

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Steel jacket substructures for offshore platforms

Kvaerner is Europe’s leading provider of steel jacket substructures for offshore oil and gas platforms. Our specialised facility at Verdal in mid Norway, is highly skilled in delivering cost-effective project execution combined with high quality.

Kvaerner’s capabilities span from conceptual and feasibility studies, front-end engineering and design (FEED), detailed engineering, procurement, project management, through construction to final delivery of complete jacket structures.

Based on decades of experience in executing projects, Kvaerner offers a wide range of fit-for-purpose solutions – from light and innovative structures, to jackets designed for crane lift or launched installation.

Kvaerner’s facility at Verdal in mid Norway, specialises in jacket deliveries, and has delivered 42 large steel substructures.

The Kvaerner jacket organisation boasts expertise in studies, concept development and EPC project execution

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Topsides

Kvaerner is a leading contractor for EPC delivery of topsides for offshore oil and gas platforms. We have been the key supplier to some of the world’s most demanding and amazing projects, and have proven our ability to execute even the most complex field developments with cost efficiency and predictability.

Kvaerner is among the very few contractors with documented and extensive experience in delivering topsides for all types of platforms, including:

Ò steel jackets Ò gravity base structures (GBS) Ò semi-submersible floating production platforms Ò floating production, storage and offloading units (FPSOs) Ò drilling rigs Ò tension leg platforms (TLPs)

Lundin’s Edvard Grieg production platform, offshore Norway.

Kvaerner’s engineers and project managers have extensive experience in developing effective concepts and reliable execution plans.

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Weight:15 500 tonnes

CombinedLQ and utility

module

Combinedprocess andwellheadmodule

154cabins

Kvaerner’s scope included EPC, hook-up and commis-sioning for the topside on ConocoPhillips’ Eldfisk 2/7 S production platform, offshore Norway.

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The Gjøa semi-submersible platform was an EPC contract. Kvaerner was responsible for the entire project including hook-up.

Gas export capacity:17M Sm3/day

Topside weight:

22 000 tonnes

Width:

110metres

Height:

143metres

Oil export capacity:87 000 barrels/day

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Floating production

Kvaerner is one of the world’s most experienced contractors for delivery of floating oil and gas installations, and has had a key role in the delivery of more than 15 of the world’s most recognized projects for floating platforms.

Kvaerner is one of the few companies globally with proven expertise in delivery of the full spectre of floating platforms, including:

Ò semi-submersible floating production platform Ò floating production Ò storage and offloading units (FPSOs) Ò drilling rigs Ò tension leg platforms (TLPs)

Kvaerner’s unique experience in floating platforms enables us to offer our customers the solution which will best solve the specific project requirements.

The Kristin semi-submersible production platform is located in a region offshore Norway, which is prone to harsh conditions. In addition, it operates in a deep reservoir with high pressure and high temperature. The platform is designed to handle a well stream with a pressure of more than 900 bars and temperatures above 170 degrees Celsius.

Kvaerner has been a key contractor on several FPSO projects including performing the commissioning of the Skarv platform.

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Onshore

Kvaerner has extensive experience in EPC delivery of oil and gas projects onshore.

We offer feasibility studies and conceptual engineering, as well as construction and commissioning for new facilities and upgrades and modification projects for existing facilities.

We have delivered more than 20 large projects, including processing plants, gas export or reception terminals, and CO2 capturing systems and facilities, which are a part of our subsea-to-shore field development solutions.

Kvaerner was the EPCM contractor for the development of the Nyhamna onshore gas facility. The company is the key contractor on the ongoing major expansion project at the plant.

Close cooperation between the engineering, procurement and construction phases ensures improved efficiency.

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More than

5000 people involved

11 millionhours

First LNGplant in the Arctic

The LNG facility at Melkøya receives gas via seabed pipelines linked to subsea wells at the Arctic Snøhvit field in the Barents Sea. In the development of this subsea-to-shore project, Kvaerner was the installation contractor for onshore facilities on the island of Melkøya, just outside Hammerfest, the northernmost town in the world.

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Heidrun Troll B

HiberniaBream B West

TunaSakhalin 2

LUN ASakhalin 2

PABAdriatic

LNGSakhalin 1

Hebron

Troll A

Sleipner A

DraugenGullfaks C

Oseberg AGullfaks BGullfaks AStatfjord CStatfjord BStatfjord A

Frigg 2

Brent DBrent BBeryl A

FriggCDP1

Ekofisk2/4T

Statfjord A

Hibernia

Ormen Lange

Heidrun

TCM MongstadAdriatic LNG

KollsnesSnøhvit

Troll A

Snorre B

DraugenGullfaks C

Oseberg A Njord

NelsonEldfisk Valhall

Edvard Grieg Snorre TLP

Troll BKristin

Aker H6-e

GjøaLaminaria

Sleipner A

Brage

SleipnerVest

Varg

Jotun

OsebergGass

OsebergSør

Kvitebjørn

GraneGoldeneye

Clair

BuzzardWellhead

Clair RidgeDrilling andproduction

Clair RidgeQuarters

utility

Edvard GriegMartin LingeGudrun

NordseeOst

ValhallRe-development

A track recordsecond to none

Jackets

Topsides, floating production and onshore facilities

Concrete substructures

Kvaerner has delivered offshore platforms and onshore facilities for upstream oil and gas projects for nearly 50 years. Our list of references includes many of the world’s most demanding and amazing projects. Several of these developments have set new standards in production rates and cost savings. From breaking barriers in water depths, installation methods and annual up-time, to solving extreme reservoir complexity

– our list of world records is extensive.

Kvaerner is recognised as a leading contractor due to our long record of consistently delivering added value, with predictability.

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Heidrun Troll B

HiberniaBream B West

TunaSakhalin 2

LUN ASakhalin 2

PABAdriatic

LNGSakhalin 1

Hebron

Troll A

Sleipner A

DraugenGullfaks C

Oseberg AGullfaks BGullfaks AStatfjord CStatfjord BStatfjord A

Frigg 2

Brent DBrent BBeryl A

FriggCDP1

Ekofisk2/4T

Statfjord A

Hibernia

Ormen Lange

Heidrun

TCM MongstadAdriatic LNG

KollsnesSnøhvit

Troll A

Snorre B

DraugenGullfaks C

Oseberg A Njord

NelsonEldfisk Valhall

Edvard Grieg Snorre TLP

Troll BKristin

Aker H6-e

GjøaLaminaria

Sleipner A

Brage

SleipnerVest

Varg

Jotun

OsebergGass

OsebergSør

Kvitebjørn

GraneGoldeneye

Clair

BuzzardWellhead

Clair RidgeDrilling andproduction

Clair RidgeQuarters

utility

Edvard GriegMartin LingeGudrun

NordseeOst

ValhallRe-development

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An effective execution model for global deliveries

Concepts and studies based on practical knowledge, combined with advanced technologiesKvaerner has decades of experience in delivering complete offshore platforms, whether fixed or floating installations, and onshore oil and gas plants, constructed of either steel or concrete.

We deliver technology, products, front-end, system definition and project execution through our in-house engineering staff and global engineering partners. We offer understanding of the full field development from concept development to completion, covering all key products and technologies.

Best value engineeringFor detail engineering, we secure cost-effective project execution for our customers through in-house resourcesand global engineering partners.

Local partnerships, local value creationBy focusing on developing local partnerships and local value creation, we enhance our capacity and boost a project’s local content. All projects are overseen by Kvaerner project and construction management expertise.

Cost-effective, high quality fabrication capacityIn addition to operating two facilities in Norway, Kvaerner is highly experienced in executing projects at third party yards with recent experience from Canada and Russia. Kvaerner also has solid experience in setting up fabrication sites in new locations.

Maximum productivity is obtained by combining our own experts and fabrication facilities with cost-effective fabrication from our high-quality partner yards.

Proven Project Execution ModelOur Project Execution Model (PEM™) which is presented on the next page, is based on best practice from the industry’s most challenging projects. The PEM ensures efficient project execution and risk management. Our experienced project managers and project services’ personnel ensure that all projects, big or small, are executed in accordance with the PEM and project specific execution philosophies.

OURproven

ProjectExecutionModel

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Key markets

An international knowledge-based company

Kvaerner is headquartered in Oslo, Norway, and has offices and fabrication facilities in several of the world’s main oil and gas regions. The Kvaerner brand is associated with some of the world’s most advanced technologies, providing our customers with maximum oil and gas production.

At Kvaerner, our focus is on the fundamentals. Concern for health, safety, security and environment (HSSE) is essential for our activities. We see cost control and efficiency as key to successful project execution. At the same time, we know that quality and schedule have to be managed to achieve our ultimate goal: that every project is delivered predictably.

A solid foundation for growth

Ò Well established organisation with 2 800 expert employees and tailor-made facilities focused on EPC deliveries

Ò World-leading track record in delivering challenging projects globally Ò Solid financial platform, annual revenues of more than NOK 16 billion/

approximately USD 2.6 billion (2013), including joint ventures. Ò Active key shareholders with strategic perspectives Ò Leading position in important markets, well positioned to service growth

in key segments

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Performance built on proven expertise

Common valuesThe drive to seach for further improvementThe high-tech Kvaerner corporation of today traces its roots back to the industrial revolution. While many industrial companies were established at the time, few of them are still in business today. It takes special qualities to develop and grow through large shifts in the market and international crises. This ability to continuously adapt to new demands is one of the strengths Kvaerner has demonstrated, not once or twice, but time and time again in over two centuries.

Today, our 2 800 employees are proud of the opportunities this heritage provides. The Kvaerner culture is characterised by the will to perform at a global top level, and the drive to always search for

Our history:

Buildingstrength through

experience

further improvement. As we always have, Kvaerner works in a competitive global industry, and we are inspired by the fact that the only way to win our customers’ confidence is to deliver better than anyone else.

Building trust through common valuesIn any organisation, values are essential for building trust in each other, with our partners, with our customers and with society. All of the Kvaerner businesses share a common set of values; the compass that guides our policies, our operations and ultimately, our behaviour.

Entered the offshore oil and gas industry. Shipyard modifications to cater for the coming offshore business.

Strong player in machinery, equipment, hydropower turbines, shipbuilding and other industries.

Kvaerner founded in Oslo, Norway.

Aker founded in Oslo, Norway.

1841 1853 Early 1900s 1960s

HSSE mindsetWe take personal responsibility for

HSSE because we care

Our mission:We realise

the world's mostamazing anddemandingprojects,through:

Hands-on managementWe know our

business and get things done

Customer driveBuilding customer

trust is key to our business

Open and direct dialogue

We encourage early and honest communication

People and teamsAll our major

achievements are teams efforts

Delivering resultsWe deliver

consistently and strive to beat

our goals

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Focus on HSSE performance

In Kvaerner, concern for health, safety, security and the environment is a core value. Our HSSE mindset is founded on the belief that all incidents can be prevented. We work systematically to ensure continual improvement of our HSSE culture and performance. We call this approach “Just Care™”.

Ò We strive continuously for zero harm to personnel, material and non-material assets.

Ò We focus on employee health and on continuously improving the work environment.

Ò We require every employee to take personal responsibility for our HSSE culture and performance.

1980s1970s 1990s 2000s 2011

Yards in Stord and Verdal founded. Developed and delivered pioneering concepts like the Aker H-3 drilling rigs and the Condeep platforms.

Key partner in North Sea field developments such as Gullfaks, Oseberg, Ekofisk.

Key partner in world-class projects in the North Sea and international markets.

Merger of Aker and Kvaerner. Key partner in some of the world’s most demanding field developments. Leading field development provider in Norway, both offshore and onshore. Global leader in deepwater developments and concrete GBS. Europe’s leading provider of big steel jackets. Strong position in North America within downstream oil & gas, energy & environmental and industrial construction.

Kvaerner established as a specialised EPC company in a demerger from Aker Solutions. Listed on the Oslo Stock Exchange. Clear growth ambition.

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www.kvaerner.comwww.facebook.com/kvaernerasa Photos: ConocoPhillips/Øyvind Sætre, Statoil/Eiliv Leren, Sakhalin Energy, BP, AS Norske Shell/Alice Bergfall (v9-2014)

we realise the world’s most amazing and demanding projects. · engineering our multi-discipline...

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