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Aker Solutions ASA (OSL:AKVER) 27 August 2008 - Aker Solutions has signed contracts for delivery of two drilling equipment packages, and an option for a third package, with Sevan Marine ASA. The total contract value for the two firm contracts for Aker Solutions is approximately USD 240 million.
The contracts will cover delivery of complete drilling packages consisting of engineering and equipment deliveries, for drilling rigs that Sevan Marine is building.
Aker Solutions is well underway with deliveries for Sevan's first drilling rig, to be delivered in 2009.
"We are very pleased that Sevan again has awarded us these drilling equipment contracts. This further strengthens our relationship with Sevan Marine," says Mads Andersen, executive vice president of Aker Solutions.
These contracts will be booked as order intake in 3Q 2008.
The contract party is Aker Solutions' subsidiary Aker MH AS.
These harsh environment ultra deepwater drilling rigs are scheduled for delivery end 2010 and end 2011. The drilling rigs will be designed for worldwide operations.
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.
