Grenland Inks Engineering, Supervision Contract with Aker

Grenland Group has signed an engineering and supervision contract with Aker Oilfield Services worth approximately NOK 20 million, or around US $3 million.

The contract scope includes detailed design and integration of the well intervention systems onboard Aker Oilfield Services' subsea well service vessel currently under construction.

Grenland Group's engineers in Sandefjord will start working on the project immediately, and the agreement is for two years.

Grenland Group's recent experience from drillship topside design for both Samsung Heavy Industries and Hyundai Heavy Industries is valuable for bringing the design knowledge further from drill ships and vessels into well intervention units.

This vessel is no. two in Aker Oilfield Services's new fleet of subsea well service vessels, and delivery is scheduled for 1Q 2010.