Sevan Picks Aker for $87-Million Drilling System Contract

Aker Kvaerner has signed an $87-million contract with Sevan Marine to deliver drilling systems and equipment to a drilling platform of the Sevan design. The contract also includes an option for delivery of a second, identical drilling package.

The deal calls on Aker to deliver a complete drilling package consisting of engineering, equipment deliveries, and related services. The drilling system will be a highly efficient system designed for parallel operations and operation at remote locations.

The harsh-environment, ultra-deepwater drilling rig is scheduled for delivery in the first half of 2009. It will be designed for worldwide operation.

"We are pleased that Sevan Marine has awarded us this contract, which confirms our leading market position in the deepwater drilling segment," says Roald Amundsen, Aker Kvaerner's president.

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