Aker Kvaerner to Provide Drilling Equipment to Frontier Drilling

Aker Kvaerner has been awarded a contract by Frontier Drilling USA Inc for delivery of a drilling equipment to the Frontier Peregrine II drillship. The total contract value for Aker Kvaerner is approximately US $17 million.

"We are happy to be awarded this contract with Frontier. Together with other recent contracts, this award again confirms Aker Kvaerner MH's position in the drilling equipment supply market," says Roald Amundsen, President of Aker Kvaerner MH.

The equipment package will be delivered in 2007.

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