$160m drilling equipment contract

Paul Boughton

Aker Kvaerner has signed a contract with Jurong Shipyard Pte Ltd in Singapore for delivery of a drilling system for an ultra deepwater drilling semi-submersible platform. The total contract value for Aker Kvaerner is approximately $160 million.

The contract is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand. The scope of work is to deliver a complete drilling package consisting of engineering, drilling equipment deliveries and subsea equipment. Aker Kvaerner MH's deepwater drilling solutions are based on a highly efficient system designed for performing different operations in parallel.

The new agreement is the fifth contract with Jurong Shipyard since October 2005, in a series of semi-submersible drilling platforms to be built at the yard.

The ultra deepwater drilling rig is scheduled for delivery in first quarter 2010.

For more information, visit www.akerasa.com


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