SKF and Aker Kvaerner have established a partnership for Condition Based Maintenance (CBM) for the offshore and onshore oil and gas industry. Condition Based Maintenance reduces plant downtime, increases equipment reliability and reduces maintenance by means of optimized maintenance and inspection programs, real time monitoring systems and competence.

Aker Kvaerner competence in engineering, planning and maintenance with SKF expertise related to rotating equipment, bearing and lubrication technologies, condition monitoring, integration and analysis. The initial focus will be on customers and installations in the North Sea and onshore in Norway, with plans to expand internationally.

Aker Kvaerner is a leading provider of maintenance, modification and operations services in the North Sea, and has established a unique competence through long term contracts with the operating companies in the Norwegian Continental Shelf. The company currently serves customers in Norway, UK, Canada and USA. SKF's contribution to the partnership is its unique competence with rotating machinery, built on 100 years of solution development. SKF provides proven Condition Based Maintenance solutions within all industrial segments globally, with a proven record of reduced cost and improved profitability for its customers.

About SKF
SKF is the leading global supplier of products, solutions and services in the area comprising rolling bearings, seals, mechatronics, services and lubrication systems. The Group's service offer also includes technical support, maintenance services, condition monitoring and training. SKF is headquartered in Göteborg, Sweden, and has some 100 manufacturing sites and a network with 15 000 distributor locations all over the world. Detailed information about the company is available on: www.skf.com