Aker Solutions wins drilling equipment contracts

Aker Solutions has signed two contracts with Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of complete drilling equipment packages for two new deepwater drillships. The contracts have a total value of about $230 million.

The drilling equipment and systems will be installed on the two vessels, which are being constructed at DSME's yard in South Korea. Each delivery has a contract value of about $115 million, and includes options for additional equipment and services.

"We are very pleased to supply another pair of Aker Solutions' drilling equipment packages to DSME and its clients," says Thor Arne Håverstad, executive vice president of Aker Solutions' drilling technologies business.

The drillship deliveries are scheduled for Q4 2013. The majority of the equipment will be delivered in 2012.

Aker Solutions will handle all major aspects of the delivery, from engineering and procurement to installation and commissioning.

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 46 billion and employs approximately 20 000 people in about 26 countries.

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