Skarv FPSO's Stay Extended at Kvaerner Stord Yard

- Skarv FPSO's Stay Extended at Kvaerner Stord Yard

Friday, June 17, 2011
BP plc

The Skarv FPSO stay at Kvaerner Stord yard has been extended to mid July 2011.

This is due to more work than anticipated with the pressure testing of the process plant, completion and hand over of equipment and systems. This work is best completed while the vessel is at the yard.

Our priority is safe, compliant and efficient start up of production which is now deferred from 3Q to 4Q 2011. In the period between tow out and start up the vessel will be installed and connected to the subsea infrastructure including pull in of risers, completion of commissioning and full system integration tests and start up preparations.

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Kvaerner Names Gjesdal CFO

Kvaerner Names Gjesdal CFO

Friday, May 06, 2011
Aker Solutions ASA

Eiliv Gjesdal has been appointed Chief Financial Officer (CFO) of Kvaerner. Gjesdal is following the appointment of Jan Arve Haugan as President and Chief Executive Officer (CEO).

Gjesdal joined Aker Solutions in 2002 and has extensive experience from finance functions in Aker Solutions as well as a background as a state authorized public accountant. Gjesdal started his career as an auditor with Arthur Andersen & Co working with large Norwegian companies.

"We are very pleased with being able to appoint a CFO of Gjesdal's stature and experience to the management team of Kvaerner. Gjesdal has an impressive background from Aker Solutions combined with a solid understanding of finance and accounting, says Jan Arve Haugan, CEO of Kvaerner.

Gjesdal will enter the position as CFO with immediate effect.

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