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In October, in the presence of Norsk Hydro’s Project Director, a letter of intent for Ormen Lange project was signed between Aker Kvaerner’s Project Director and Converteam SAS’s Vice President. This project, a world first in sub-sea gas compression, represents a major development opportunity in the field of sub-sea exploration at great depth.

In October, in the presence of Norsk Hydro’s Project Director, a letter of intent for Ormen Lange project was signed between Aker Kvaerner’s Project Director and Converteam SAS’s Vice President. This project, a world first in sub-sea gas compression, represents a major development opportunity in the field of sub-sea exploration at great depth.

In October, in the presence of Norsk Hydro’s Project Director, a letter of intent for Ormen Lange project was signed between Aker Kvaerner’s Project Director and Converteam SAS’s Vice President. This project, a world first in sub-sea gas compression, represents a major development opportunity in the field of sub-sea exploration at great depth.

This is the company's first annual report since it separated from Alstom on 10 November 2005.