Aker And Kiewit Form Partnership To Serve Offshore Industry

Aker a.s. and Peter Kiewit Sons, Inc., recently announced their agreement to form Aker Gulf Marine, a Texas partnership. Aker Gulf Marine will offer fabrication and construction services to the offshore oil and gas industry. Aker will own 51 percent and Kiewit 49 percent of the new company. Aker Gulf Marine will take over all of Gulf Marine Fabricators, Inc.'s (GMF) operations and assets. Current plant facilities are located at Aransas Pass and Ingleside, both near Corpus Christi, Texas.

GMF, with approximately $75 million in annual revenues, employs around 700 people in the Corpus Christi area, and is a leading fabricator of deepwater steel jackets.

GMF built Bullwinkle, one of the world's largest steel jackets for Shell's Green Canyon lease in the Gulf of Mexico and a jacket for BP Exploration's Mississippi Canyon 109 project. GMF is currently cons t r u c t i n g several modules for Exxon's Harmony and Heritage projects.

Kiewit is one of the largest U.S.

construction and mining companies.

Aker, a major international offshore group with headquarters in Norway, is also the world leader in design and construction of offshore concrete platforms and will furnish its technology and know-how to the new company. Aker employs more than 9,000 people in its oil and gasrelated businesses and has operations in the United Kingdom and Canada. Aker also owns the offshore engineering company, Aker Omega, Inc., located in Houston, Texas.

Aker Gulf Marine, with the support of Aker and Kiewit, will continue to offer a broad range of products and services to its clients, including new and competitive products for challenging deepwater development projects. For floating production systems, the company offers alternative floaters of reinforced concrete as a competitive alternative to steel floaters from the Far East and Europe.

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