The award is based on an option included in a contract Aker Kvaerner MH signed with Jurong Shipyard beginning of October this year.
"This contract award from Jurong Shipyard confirms our strong position in the deep water drilling market and fits well into our execution schedule going forward" says Roald Amundsen, President of Aker Kvaerner MH.
The drilling package will be identical to the advanced drilling systems to be delivered for two semi submersible drilling rigs designed for ultra-deepwater operations to Seatankers Management Co Ltd in 2008.
The scope of work for Aker Kvaerner MH is to deliver one complete drilling package consisting of engineering, equipment deliveries, and commissioning services, in addition to delivering of 3rd party equipment such as blow-out preventers (BOP) and marine riser systems.
The deepwater drilling rig is scheduled to be delivered Q1/2010 at the latest.
ENDS
For further information, please contact:
Media:
Siw Anett Enerud, Communication Manager, Aker Kvaerner Products & Technologies. Tel: +47 22 94 71 92, Mob: +47 951 93 415
Roald Amundsen, President Aker Kvaerner MH, Tel.: +47 38 05 74 86, Mob: +47 906 97 450
Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39, Mob: +47 911 37 194
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39, Mob: +47 911 37 194
AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 35.6 billion and employs approximately 22,000 people in more than 30 countries.
The Aker Kvaerner group consists of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA.
Aker Kvaerner MH is a market leader in designing drilling equipment and drilling facilities. The company is recognised for developing new technology for deepwater drilling based on field-proven drilling equipment. Aker Kvaerner MH provides the international onshore and offshore industry with complete drilling equipment packages/modules (drilling and/or mud related systems, RamRig or conventional), full range of itemised drilling equipment, well intervention packages, drilling support modules, drilling control system, and monitoring systems as well as land rigs packages, workover rigs and products. Aker Kvaerner MH's competitiveness is based on a unique combination of equipment deliveries, project execution capabilities and excellent after sales service.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com.