The contract is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner MH in Kristiansand, Norway. The scope of work is to deliver a complete drilling package consisting of engineering, drilling equipment and subsea equipment.

This award is the sixth contract since October 2005 in a series of semi-submersibles based on Aker Kvaerner MH deepwater drilling solutions to be built at Jurong Shipyard. This delivery is identical to previous deliveries to Jurong and will be a highly efficient system.

"We are very pleased with the long term relationship we have developed with Jurong Shipyard and their clients. We also consider this sixth order from Jurong to be yet another confirmation of our leading position in the drilling equipment solutions market", says Roald Amundsen, President of Aker Kvaerner MH.

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

ENDS

 

 

Media:
Siw Anett Enerud, Communications manager, Aker Kvaerner Products & Technologies. Tel.: +47 95 19 34 15

 

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact Richard Reynolds, vice president global supply chain. Tel.: +44 1224 424868

 

Career opportunities:
Visit http://www.akerkvaerner.com/Internet/CareerCentre

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 and Power Generation. The Aker Kvaerner group is organised in 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 50 billion and employs approximately 23 000 people in about 30 countries.

Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.1 per cent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.

 

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