Aker Solutions ASA has removed from its order backlog the US$665 million EPC-LNG contract awarded to the joint venture (50/50) between it (formerly Aker Kvaerner) and IHI, Inc. (formerly Ishikawajima-Harima Heavy Industries).
The award was announced in a July 19, 2006, stock exchange release pending the issue of a Full Notice to Proceed from Ingleside Energy Corp. Not having received such a Notice to Proceed affects Aker Solutions' backlog by US$330 million. As a result, Aker Solutions has decided to remove the contract from its order backlog with effect from first quarter 2008.
