Kvaerner’s ambition to grow annual revenues above NOK 10 billion within 2023

Kvaerner’s ambition to grow annual revenues above NOK 10 billion within 2023 is confirmed, and it simultaneously repeats that the financial results will in the short term first decline in 2020, said Norwegian company.

Norway based EPC services provider ‘Kvaerner’ signed up with Samsung Heavy Industries and Aker Solutions for joint delivery of upcoming FPSO contracts

During capital market update presentation, Kvaerner announced a new agreement with Samsung Heavy Industries and Aker Solutions, for joint delivery of upcoming FPSO contracts.

The trio has identified several prospects for FPSO field developments which may be started in the coming years, especially in the northern hemisphere.

According to Kvaerner, the combined capabilities of three of the world’s leading contractors aim to provide a competitive offering, which has been received positively by potential customers.