Aker Solutions wins drilling equipment contract

Mon, Jul 23, 2012 09:22 CET Report this content

The contract includes an option to supply one more drilling equipment package.

"We are very pleased to deliver our first complete topside drilling package to Hyundai Heavy Industries, and we look forward to further develop a successful partnership," says Thor Arne Håverstad, head of Aker Solutions' drilling technologies business.

Aker Solutions will handle all major aspects of the topside equipment delivery, from engineering support and procurement to installation and commissioning.

The work will be executed in Aker Solutions' facilities in Kristiansand, Horten and Asker in Norway and Erkelenz, Germany. Installation and commissioning services will take place at the Hyundai Samho Heavy Industries yard in South Korea. Aker Solutions also offers training services in its upgraded facilities in South Korea.

Most of the equipment will be delivered in 2013 and the rig will be completed in the fourth quarter of 2014.
 
Aker Solutions offers complete drilling equipment packages, including project management, engineering, procurement and commissioning. The company provides the full range of topside drilling equipment and systems, and worldwide customer support through a global drilling lifecycle services organisation.

ENDS

For further information, please contact:

Geir Arne Drangeid, Executive Vice President Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: + 47 913 10 458, E-mail: geir.arne.drangeid@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail: lasse.torkildsen@akersolutions.com

Suppliers:
For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 25 000 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 billion. The company is listed on the Oslo Stock Exchange.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.