New boost for advanced Aker Kvaerner drilling systems

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The drilling package will consist of a dual version of the RamRig, an advanced drilling system developed by Aker Kvaerner. Several systems have been delivered so far, proving to enable significantly more efficient drilling operations compared with conventional systems, particularly in deep waters. The rig operator Smedvig, who will operate the new rig on behalf of Eastern Drilling, is one of the clients for previous RamRig deliveries. 


Aker Kvaerner considers the growing market for new state of the art drilling units as promising                                           .                                                                                     
-This contract confirms our strong position in the drilling market with our advanced solutions designed for deepwater and unsheltered areas, says Roald Amundsen, President of Aker Kvaerner MH. The Aker Kvaerner company was formerly named Maritime Hydraulics, and will now be responsible for the engineering, equipment deliveries and commissioning for the new project.


The new drilling rig will be outfitted with state of the art technology, and will be the world's most advanced drilling rig. The semisubmersible platform is designed with a dual derrick, dynamic positioning, a 6 000 tons variable deck load capacity and a water depth capability up to 3 000 meters.


The deepwater unit will be prepared for winter operations in northern areas. The unit has been designed with special environmental focus, minimising the exposure to the environment. As a result, the rig will have a closed drainage system, dedicated slop tank for waste oil handling and tanks for treated cuttings.


ENDS
 
For further information, please contact:


Media:


Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542


Roald Amundsen, President Aker Kvaerner MH, Tel.: + 47 38 08 74 86


Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39
 
Notes to Editors:
 
RamRig®
Aker Kvarner MH's RamRig represents state-of-the-art, yet well-proven technology. It can be applied to fixed and floating drilling platforms. The concept's inherent features make it especially competitive on deepwater rigs. The concept is available with single, double or triple stand rigs with capacities ranging from 150 to 1,000 tons and above.


A dual RamRig is the ultimate deep water rig. These rigs, of which two are in operation, provide dual rig functionality at a significantly lower total price than a comparable conventional dual rig solution.
 
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.
 
The Products and Technologies business area in Aker Kvaerner unites the product supply companies in the group to a strong global supplier of products and services to the upstream oil and gas industry. Key deliverables include drilling equipment and systems, wellstream process technology, vessel mooring equipment and offshore loading/offloading systems. Global after-sale services are provided, and other key services include well intervention technology & services and marine contracting.
 
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
 

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