Re Contracts

RNS Number:0509N
Kvaerner PLC
13 November 2001


Kvaerner secures US$36 million in U.S. contracts 
LONDON, 13 NOVEMBER 2001: Kvaerner, the international engineering and
construction Group, today announced that it has been awarded a number of key
U.S. contracts, worth more than US$36 million.

Kvaerner Songer has been awarded a three-year construction maintenance
services contract by E  I DuPont Nemours, worth US$22 million.  Under the
agreement, plant maintenance will be undertaken by Kvaerner at the Washington
Works, located in Parkersburg, West Virginia - one of DuPont's largest
facilities.  Kvaerner will provide management support to the field staff, and
will assume responsibility with immediate effect. 

The other new contracts include miscellaneous blast furnace repairs from steel
industry customers valued at over US$15 million.   These include a contract
for U.S. Steel in Gary, Indiana, USA.  Kvaerner Songer, acting as the primary
contractor, will handle limited procurement and construction.  The blast
furnace projects are due to commence immediately. 
 
ENDS
For more information: 
Kvaerner, London, Vanessa Mourant:  [phone] or 
[e-mail]  
or Paul Emberley: [phone] or  [phone] or
[e-mail]
Kvaerner Songer, Washington, P.A., Terry Alderson: [phone] or
[e-mail]

Notes to editors:
1. Kvaerner is a world-class international engineering and construction group.
The Group's activities are organised in two core business areas: E&C
(engineering and construction), and Oil & Gas.  It also has interests in
shipbuilding and the provision of services to the pulping industry.  The Group
has annual revenues of more than US$6 billion, with some 35,000 permanent
staff located in almost 35 countries throughout Europe, Africa, Asia and the
Americas. 

2. The E&C business area of Kvaerner specialises in the provision of process
technology, design, engineering, project management, procurement and
construction to a number of industrial sectors on a worldwide basis: chemicals
and polymers, pharmaceuticals, oil and gas, water, energy, nuclear, minerals,
mining, steel and transportation.  Kvaerner's breadth of capability is unique
among its competitors.  It offers the complete range of services that are
necessary to realise global projects from conception to start-up.  These
services include a portfolio of advanced process technologies, research and
development, test work, a full range of engineering studies (including
bankable feasibility and environmental studies), total project management,
engineering and design, procurement, construction and maintenance services.  
Kvaerner E&C employs more than 9,000 people operating from over 30 offices
worldwide.  This global reach enables Kvaerner to tailor its services and
resources to suit individual client needs and market conditions to provide
cost-effective technical solutions.

3. DuPont is a two hundred-year-old company that works primarily in the
chemical and energy industry.  Most of their products are widely recognised
and commonly used.  DuPont delivers science-based solutions that affect our
food, nutrition, health care, apparel, homes, electronics and transportation.