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Aker Solutions ASA (OSL:AKVER) 22 September 2008 - Aker Solutions has been awarded a contract for the delivery of a complete deepwater marine drilling riser system with buoyancy package and associated equipment from offshore drilling company Atwood Oceanics. Contract value is approximately USD 50 million.
The 10 000 ft deepwater drilling riser system will be manufactured and delivered out of Aker Solutions' high-tech manufacturing centre in Malaysia. Buoyancy modules will be manufactured at the same location by Aker Solutions subsidiary Phoenix Polymers International Ltd.
Delivery of the deepwater drilling riser system is scheduled for 2012. It will be used for one of Atwood's semisubmersible drilling rigs.
"The boom in the global rig market continues and we are benefiting from it," says Svein Haug, senior vice president Umbilical & Riser, Aker Solutions. "This is the second contract we are signing with Atwood this year. We are very pleased to get the opportunity to work with them again."
The contract party is Aker Solutions subsidiary Aker Subsea AS.
ENDS
For further information, please contact: Media: Endre Johansen, communications manager, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 416 10 605, E-mail: endre.johansen@akersolutions.com
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.
