Kvaerner corporate brochure

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Gas export
capacity:
17M Sm 3 /day
Oil export capacity:
87 000 barrels/day
Height:
143m
Width:
110m
Topside weight:
22 000
tonnes
In Q4 2010, the Gjøa semisubmersible platform reached production start-up
on schedule in the North Sea. Kvaerner provided the topside and assembly.

gjøa
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Our scope: EPCH (Detail
design of topside and hull,
procurement, construction
and hook-up of topside, and
mating of topside and hull)
Contract value:
Approximately NOK 8 bn
(2006)
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Peak manning: 3 000
people at our in-house
yard at Stord, Norway
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Electricity to Gjøa is
provided from land, for the
first time on the Norwegian
Continental Shelf, saving
annual CO2 emissions
equivalent to those
produced by 100 000 cars
We create value by successfully
planning and executing demanding
EPC* projects
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Tie-in of remote field (Vega)
Field development operator:
Statoil
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Field operations operator:
Gaz de France
* Engineering, procurement and construction

Who we are
Kvaerner: EPC specialist
Common values
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Kvaerner is a specialised engineering, procurement and
construction (EPC) company focused on executing some
of the world’s most demanding projects as the preferred
partner for upstream and downstream oil and gas
operators, industrial companies and other engineering
and fabrication providers.
A unique heritage
The Kvaerner and Aker groups have decades of
experience as EPC contractors for onshore and offshore
facilities covering a wide range of technologies and
solutions. The new Kvaerner further leverages the
experience and expertise built up through the execution
of demanding projects over the past 40 years.
Tailored to meet client demands
Kvaerner is tailored to meet the EPC market trends and
client demands. We offer a safety focused and dedicated
management and we have the mandate to enter into
partnerships in order to establish reliable,
flexible and competitive delivery models.
Building trust through common values
In any organisation, values are essential for building
trust – in each other, with our partners, with our
customers and with society. All the Kvaerner businesses
share a common set of values – the compass that
guides our policies, our operations and ultimately,
our behaviour.
Long-term ownership
Kvaerner is headquartered in Oslo, Norway, and has
more than 3 200 employees worldwide, in addition
to a significant number of contract staff. Aker ASA,
an investment company that exercises active
ownership, is indirectly a significant shareholder
in Kvaerner.
Open and direct
dialogue
We encourage
early and honest
communication
People and teams
All our major
achievements are
teams efforts
HSE mindset
We take personal
responsibility for
HSE because
we care
Our mission:
Successfully
planning and
executing
demanding EPC
projects, through:
Hands-on
management
We know our
business and get
things done
Customer drive
Building customer
trust is key to
our business
Delivering results
We deliver
consistently and
strive to beat
our goals
1841 1853 EARLY 1900s 1960s
Our history:
Building strength
through experience
Aker founded in
Oslo, Norway.
Kvaerner founded in
Oslo, Norway.
Strong player in
machinery, equipment,
hydropower turbines,
shipbuilding and other
industries.
Entered the offshore oil
and gas industry. Shipyard
modifications to cater
for the coming
offshore business.

Foundation for growth
Focus on HSE performance
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Kvaerner is a leading EPC company
with a solid track record
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Operating revenues of more than
NOK 13 billion (2011)
In Kvaerner, concern for health, safety and the
environment is a core value. This HSE Mindset,
symbolised by Just Care, is founded on the belief
that all incidents can be prevented. We work
systematically to ensure continual improvement
of our HSE culture and performance.
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Long-term active ownership by Aker ASA
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We strive continuously for zero harm to personnel,
material and non-material assets.
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Well positioned for long-term growth
trends in key markets
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Ambition to maintain strong North Sea
position and further grow international
EPC deliveries
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We focus on employee health and on continuously
improving the work environment.
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We require every employee to take personal
responsibility for HSE by focusing on their
own behaviour.
1970s 1980s
1990s 2000s 2010
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.
2011: Kvaerner established
as a specialised EPC company
in a demerger from Aker
Solutions. Listing on the
Oslo Stock Exchange.
Clear growth ambition.

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We plan &
execute
demanding
EPC
projects
Proven EPC project management
We are an experienced main contractor for onshore and offshore facilities covering a wide range of
technologies and solutions. We understand that good customer references build our reputation – and the
only way to achieve this is through consistent and predictable performance. Our proprietary project execution
model is based on best practice from many of the industry’s most challenging projects. This ensures safe
and efficient project execution and risk management.
Engineering
Procurement
Construction
Our multi-discipline organisation covers all
of the technical and administrative functions
needed to execute demanding engineering
tasks for upstream and downstream oil
and gas operators, industrial companies
and other engineering and fabrication
providers. We tailor the delivery model
to match our customers’ needs and
business priorities.
Kvaerner provides best value to our clients
by proactively utilising global networks, market
opportunities, market knowledge and global
sourcing. Our supply management and
procurement organisations support the
businesses through a systematic proactive
process of optimising the total costs,
risk, quality, lead-time and HSE of all
outsourced products and services.
We combine the expertise built up over
40 years at our specialised in-house yards
in Norway with cost effective fabrication from
our high quality partner yards. By using local
partnerships and local value creation, we
increase our capacity and contribute to
significantly increasing the local content
of a project. All our projects are overseen
by Kvaerner project and construction
management expertise.

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Topsides Floaters Concrete jackets Onshore CONSTRUCTION
Offshore topside facilities
Floating oil &
gas facilities
Concrete GBS for offshore
platforms
Steel jackets for offshore
platforms
Onshore facilities to oil
and gas, power, steel and
industrial markets.
Construction and
maintenance services

Designed and constructed for
arctic environments
with heavy ice loads
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Two platform
substructures
developed with a total
high-performance
concrete weight of
15 000 tonnes
In 2007, the LUN-A and PA-B concrete gravity base structures delivered by Kvaerner were
successfully installed offshore Russia on the far east coast as part of the Sakhalin-II project.

Our customers have selected Kvaerner
to play a key role in some of the
world’s most demanding projects
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SAKHALIN-I: ARKUTUN-DAGI GBS
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Our scope: Engineering, procurement,
management and project services for
a platform substructure
Customer: Exxon Neftgas Ltd
Execution: 44 months from FEED to offshore
installation of a concrete GBS
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Site build-up in remote location: Dry-dock from
Sakhalin II project was reinstated. Bund wall
was rebuilt and dock emptied. A completely
new infrastructure was built with permanent
workshops for rebar, formwork and mechanical
outfitting prefabrication.
Strong local content performance: More than
90% of material and workforce from Russia.
More than 35 local subcontractors with up
to 4 000 employees were used to perform
the work. About 30% of the workforce had
experience from the previous, Sakhalin II
project.
Designed and
constructed
to withstand
seismic
activity
SAKHALIN-II: LUNSKOYE GBS & PILTUN-ASTOKHSKOYE-B GBS
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Our scope: Engineering, procurement,
management and project services for
two platform substructures
Customer: Sakhalin Energy
Execution: 30 months from FEED to offshore
installation of two concrete GBSs
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Site build-up in remote location: Excavation and
transportation of more than 2 000 000m 3 of
soil. Road construction in winter conditions.
Strong local content performance: More than
90% Russian labour and materials utilised, with
more than 600 Russian vendors who acquired
unique experience in marine oil and gas
construction.

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Delivering quality on time
to our customers
Kvaerner is a leading provider of project management, design, engineering, procurement, construction, installation
and commissioning for demanding projects worldwide.
Time and time again, our organisation has delivered the first, the largest, the deepest and the most cost-efficient
installations addressing a wide range of challenges – always with an HSE focus.
Our ambition is to stay at the forefront of technology as one of the world’s leading EPC contractors, and to ensure
that innovation and development work is achieved in harmony with both people and the environment – and to the
best advantage of our customers.
We take pride in delivering quality on time to our customers.

Eldfisk 2/7 S: EPC for topside and bridges
Kollsnes: EPC for modification and development
of gas plant
European CO2 Technology centre at Mongstad
in Norway: EPC for construction
Edvard Grieg: EPC for jacket and topside
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Gudrun: EPC for platform jacket
Ekofisk 2/4 L: EPC for platform and bridge
support jackets
Clair Ridge: EPC jackets for Drilling Production
platform and Quarters Utility platform.
Nordsee Ost: EPC for 49 steel jackets and piles
for offshore wind project
Sakhalin-1: EPC for Arkutun-Dagi GBS
Ormen Lange/Nyhamna: EPCM for modifications
and projects at the onshore facilities.
Hebron: FEED and site preparation for GBS,
with EPC option
Gulf LNG: EPC for onshore LNG terminal
V&M Star: Construction of pipe mill process
building
Kashagan: Contracts for hook-up work Browse: Competition FEED for two TLPs Skarv: Preparation of FPSO

EKOFISK 2/4L
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We are a knowledge-based
company with unique experience
and know-how, and the drive
to get things done
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Our scope: Engineering,
procurement, construction,
load-out and sea-fastening
of two steel jackets
(Accomodation jacket,
bridge support jacket and
associated piles)
Customer: ConocoPhillips
Number 36 and 37 in the
series of jackets delivered
by our yard in Verdal,
Norway.

Jacket height:
110 meters
Topside weight
for jacket design:
19 000 tonnes
Jacket weight:
Approximately
5 700 tonnes
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Water depth:
80 meters

Setting the standard
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KRISTIN HPHT GAS PLATFORM
GJØA SEMI-SUBMERSIBLE
ADRIATIC LNG TERMINAL
The first HPHT (high pressure, high temperature) gas floater.
Delivered by Kvaerner on schedule in 2005.
The first floating platform to be supplied with electric power from
shore. Delivered by Kvaerner.
The world’s first offshore LNG regasifier, a strategic component
of the Italian gas system. Delivered by Kvaerner.
Offshore topside facilities
40 years of experience on all types of facilities that
may be required on an offshore facility.
Floating oil & gas facilities
More than 30 floating oil and gas exploration and
production facilities delivered by Kvaerner worldwide.
Concrete GBS for offshore oil & gas facilities
World leader in marine concrete structures for oil
and gas field developments, as the lead contractor
in more than 20 major concrete projects worldwide.

GRANE PLATFORM JACKET SNØHVIT LNG PRODUCTION PLANT 15 POWER PLANTS SINCE 2002
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17 500 tonne fixed steel substructure for drilling, production,
processing and accommodation facilities. Delivered by Kvaerner.
The first plant of its kind in Europe and the world’s northernmost
liquefied natural gas facility. Delivered by Kvaerner.
New plants, as well as retrofits, environmental modifications,
maintenance and upgrades to existing facilities
Steel jackets for offshore platforms
37 jackets for oil and gas field developments delivered
since 1975, at a total of more than 250 000 tonnes.
Onshore oil, gas and petrochemical facilities
A leading developer of onshore oil and gas facilities
in Norway, with a strong position in North America
within downstream oil and gas projects, including LNG,
refineries and petrochemical facilities, as well as power
plants, utilities and infrastructure.
Construction and maintenance services
A premier provider to the U.S. and Canadian steel,
energy and industrial construction market.

Edvard Grieg
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Our scope: Engineering,
procurement and
construction (EPC) of the
steel jacket and the topside
module.
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Contract value:
Topside NOK 8 billion
Steel jacket NOK 1.1 billion
The topside has a total
weight of 21 000 tonnes
and consists of a main
topside model, a combined
living quarter and utility
module, a process module
and a flare tower.
Delivery set to April 2015.
Most of the scope will be
performed in Norway.
The steel jacket
with a total weight of
14 500 tonnes, will be
delivered from Kvaerner’s
specialized jacket yard
in Verdal in the spring of
2014.
Customer:
Lundin Norway AS

We address the global market
and tailor our delivery models
to match customers’ needs
and business priorities
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Our competence covers
all key disciplines
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Kvaerner offers more than 3 200 HSE-focused and experienced in-house resources
in the fields of engineering, procurement and project management, in addition to a
significant number of contract staff.
This is a solid foundation, and ensures that we in cooperation with engineering partners
and sub-contractors are able to plan and execute our projects effectively, and control
quality and risk.
However, our ambitions go even further. We aim for continued growth, and are actively
recruiting additional in-house personnel and seeking new global partnerships.
Kvaerner strives to attract and develop talented people and teams who understand our
customers’ needs and requirements and who can produce and deliver the best solutions.
In-house
resources,
subcontractors and
contract staff:
one team
delivering consistently
for our
customers

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Safe delivery on time,
with agreed quality, on budget
World-class studies and design
We deliver technology, products, front-end, system
definition and project execution through our strong
in-house engineering staff and global engineering
partners, including our long-term engineering partner
Aker Solutions.
We offer full field development understanding
– from concept selection to completion – covering
all key products and technologies within field
development.
Best value engineering
For detail engineering, we secure cost-effective project
execution for our customers through in-house resources
and global engineering partners.
Local partnerships, local value creation
Using local partnerships and local value creation,
Kvaerner can contribute to significantly increasing the
local content of a project. This may include the labour
workforce, suppliers and required materials. All of our
EPC projects are overseen by Kvaerner project and
construction management expertise.
Cost-effective, high quality fabrication capacity
Working with our in-house and partner yards, we offer
cost-effective fabrication of hulls for floating facilities.
For topside facilities, we offer cost-effective, flexible
options tailored to our customers’ needs.
We combine the expertise built up over 40 years
at our specialised yards with cost effective fabrication
from our high quality partner yard; the China Offshore
Oil Engineering Corporation (COOEC) yard in Qingdao.
Proven Project Execution Model
We understand that good customer references build
our reputation – and the only way to achieve this is
by consistent and predictable performance. Our Project
Execution Model (PEM) is based on best practice from
many of the industry’s most challenging projects.
PEM ensures efficient project execution and risk
management.
We have experienced project managers and project
services personnel to ensure that all projects, large
or small, are executed in accordance with the PEM
and project specific execution philosophies.

Our
proven
Project
Execution
Model
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Feasibility &
concept
System
definition
Detailing &
fabrication
Assembly
& erection
System
completion
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Opportunity appraisal
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System definition
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Detailed design
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Transport & positioning
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Commissioning
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Feasibility studies
Concept selection
Concept definition
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System design
& layout development
Global design
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Work preparation
Prefabrication
Fabrication
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Assembly
Mechanical completion
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Transport & installation
Take-over
Close-out

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We are ready to take on
the world’s most demanding
projects with you
Aker H-6e drilling rigs
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Our scope: Turn-key contract for the delivery of two
sixth-generation deepwater drilling semi-submersibles
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Contract value: NOK 7.6 billion (2005)
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Peak construction labour force:
Approximately 4 000 people from 40 nations
Customer: Aker Drilling

Aker Barents and Aker Spitsbergen: Two highly sophisticated
6th generation semi-submersible drilling rigs for ultra deep
water and harsh environments.
Excellent
performance
and operator
feedback
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Developed to meet stringent
environmental standards
and operate in
harsh environments,
extreme temperatures
and at long distances
from supply infrastructure
Designed and built to
drill 10 000
metre-long wells
in water depths of
up to 3 000 metres

www.kvaerner.com
www.facebook.com/kvaernerasa Photos: Statoil, Sakhalin Energy, BP, ConocoPhillips, Adriatic LNG Terminal, Gulf LNG, Aker Solutions, Rolf Estensen (v-082012)