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Aker Solutions ASA 14 July 2008 - Aker Solutions has been awarded two contracts with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea for the delivery of identical drilling equipment packages for Odebrecht's two new drillships. The total contract value for Aker Solutions is approximately USD 260 million.
The scope of work for Aker Solutions is to deliver complete drilling equipment packages consisting of engineering, equipment deliveries and commissioning services.
Mads Andersen, executive vice president of Aker Solutions commented "winning this contract has reinforced our positive relationship with Daewoo Shipbuilding & Marine Engineering Co Ltd and confirms our strong position in the booming drillship market".
The customer, Daewoo Shipbuilding and Marine Engineering Co Ltd (DSME) will manufacture both the Odebrecht I and II drillship for the client Odebrecht, who are one of Brazil's largest contractor companies with a presence in over twenty countries.
The first drillship is scheduled for delivery in Q1/2011 and the second in Q2/2011.
The contract party is Aker Solutions' subsidiary Aker MH AS.
Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. 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 58 billion and employs approximately 24 000 people in about 30 countries.
Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.
This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.
