Aker Kvaerner Wins Neptune Contract

Aker Kvaerner has been awarded a contract with Neptune Marine & Drilling Pte Ltd in Singapore for delivery of drilling equipment to the Neptune Explorer drillship. The total contract value for Aker Kvaerner is approximately US$23 million.

"This contract which consists of derrick drill floor equipment and motion compensation is based on Aker Kvaerner MH's standard drilling equipment,” said Roald Amundsen, president of Aker Kvaerner MH. “This contract with Neptune is our latest project that will benefit from standardization of our drilling equipment.”

The drilling equipment package will be delivered in either late 2006 or early 2007.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.