Kvaerner ASA

Kvaerner to upgrade the Njord platform - Seite 3

ENDS

Invitation to contract signing ceremony and press conference at Stord today at 12:00
Media is invited to the signing ceremony and press conference at Kvaerner at Stord today at 12:00 with participation by Terje Søviknes, the Minister of Petroleum and Energy; Torger Rød, Senior Vice President for Project Development in Statoil and Jan Arve Haugan, President & CEO of Kvaerner. The press conference will be held in Norwegian.

Media representatives who wish to attend are requested to register in advance to Odd Naustdal, Head of Communications West Norway, Kvaerner, Mob: [phone] / Email: [e-mail].

For further information, please contact:

Investor inquiries:
Ingrid Aarsnes, VP Investor Relations & Communications, Kvaerner, Mob: [phone], email: [e-mail]

Media inquiries:
Odd Naustdal, Head of Communication West Norway, Kvaerner, Mob:[phone]

Torbjørn Andersen, Head of Communications, Kvaerner, Mob: [phone], email: [e-mail]

About Kvaerner:
Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore plants for upstream oil and gas production around the world. Kvaerner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 2 700 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects.

In 2016, the Kvaerner group had consolidated annual revenues of close to NOK 8 billion and the company reported an order backlog at 31 December 2016 of NOK 6.5 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com.

To subscribe or unsubscribe to our press releases, please see our web page: http://www.kvaerner.com/en/toolsmenu/Media/Subscribe-to-releases/

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Source: Kværner ASA via Globenewswire