Aker Kvaerner Wins $130 Million Contract for Ultradeep Drillship

Aker Kvaerner has been awarded a drilling equipment contract by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) in Korea for an ultradeep drillship. The total contract value for Aker Kvaerner is approximately USD 130 million.

The scope of work is to deliver a complete drilling equipment package including installation and commissioning supervision. The contracts will be executed by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand, Norway which is recognised for its field-proven drilling equipment.

"We are very pleased to have been awarded this drilling equipment contract. This confirms our excellent relations with DSME and our ability to execute projects on schedule", says Roald Amundsen, President of Aker Kvaerner MH.

The drillship is scheduled for delivery third quarter of 2011.