Aker Aces Contract for Delivery of Deepwater Drilling Riser System

Aker Solutions has been awarded another contract for the delivery of a deepwater drilling riser system to Daewoo Shipbuilding & Marine Engineering (DSME). Contract value is approximately US $36.5 million.

This is the fifth deepwater drilling riser system contract DSME has awarded Aker Solutions since last year, taking the total drilling riser orders from the Korean yard up to NOK 1 billion.

This latest contract is for the delivery of a complete deepwater marine drilling riser system with buoyancy package and associated equipment. The new drilling riser is based on an identical design for the ongoing projects at DSME.

"Safe and reliable operations are a key focus within the oil and gas industry, and that is exactly what our CLIP connector offers. This technology results in cost savings through both reduced manpower and rig operations, which is a winning formula for both Aker Solutions and our customers. We are very pleased to have the opportunity to work with DSME again," said Eva Kristensen, President of Aker Solutions' drilling risers.

The marine drilling riser system will be manufactured and delivered out of Aker Solutions' manufacturing center in Malaysia.

Delivery of the drilling riser system is scheduled for 2011. Contract party is Aker Solutions Malaysia Sdn. Bhd.