Kvaerner Nets North Sea Decom Deal

Kvaerner Stord facility

Kvaerner has secured a contract to decommission an unnamed North Sea platform.

Italian Saipem awarded the contract, worth approximately NOK 200 million, to an engineering, procurement and construction contractor, Kvaerner, to dismantle and recycle the platform.

As Kvaerner informed in its Q4 report, Saipem will transport the platform to Kvaerner’s Stord facility, where it will be later dismantled, recycled and disposed of all materials.

The deconstruction and disposal work on the platform, whose name was not disclosed, will start with the receipt of the first units in 2017 and continue throughout 2019.

Job Cuts

In addition to the contract, the company revealed plans to downsize the workforce by 40-50 employees, mainly in management positions.

The objective is to further reduce costs to continue strengthening competitiveness, the company noted.

As a consequence, the organisational structure will be adjusted effective from March 01, 2017.

Share this article

Follow Subsea World News

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

3rd Deepwater East & Southern Africa Congress 2017

The past successful two series has gathered around 600 industrial professionals, while most of which thought this event informative and useful…

read more >

Offshore Technology Conference (OTC) 2017

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific…

read more >

OFFSHORE WIND CONNECTIONS 2017

The focus of OWC2017 is on the Yorkshire and the Humber region, which is at the epicentre of the offshore wind industry, and where billions…

read more >

19th Asia Oil and Gas Conference (AOGC 2017)

A high level congregation that needs no introduction, the Event brings forth strategic discourses from global industry captains…

read more >