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Aker Solutions ASA : Aker Solutions wins 'Cat D' drilling equipment contract

03/28/2012 | 06:50am US/Eastern
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The development of the new rig concept has been enabled by combination of our field-proven equipment and system expertise, and our flexible and competent engineering capabilities.

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The development of the Cat D semi-submersible drilling rigs has been initiated by Statoil, the international energy company. The Cat D drilling rig is a new generation drilling and well intervention vessel, purpose made for the needs for North Sea operations. The first contract, for two drilling equipment packages, was announced in the summer of 2011. Now, the customers have exercised options for another two equipment packages.

The two units will be delivered in 2015. The contract includes topside drilling equipment, procurement and commissioning of the rigs at the DSME yard.

"The development of the new rig concept has been enabled by combination of Aker Solutions' field-proven equipment and systems expertise, and our flexible and competent engineering capabilities. We look forward to extend and continue the strong cooperation with DSME, Songa and Statoil," says Thor Arne Håverstad, head of Aker Solutions' drilling technologies business.

Work on the project will start immediately in Kristiansand, Norway, and in other Aker Solutions drilling technologies units in Asker, Norway, Erkelenz, Germany and Houston in the US.

Aker Solutions offers complete drilling equipment packages, including project management, engineering, procurement and commissioning. The company provides the full range of topside drilling equipment and systems, and worldwide customer support through our global drilling lifecycle services organisation.

ENDS

For further information, please contact:

Media:
endre.johansen@akersolutions.com

Investor relations:
lasse.torkildsen@akersolutions.com

Suppliers:
For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 23 500 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 billion. The company is listed on the Oslo Stock Exchange.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

distributed by

This press release was issued by Aker Solutions ASA and was initially posted at http://www.akersolutions.com/en/Global-menu/Media/Press-Releases/All/2012/Aker-Solutions-wins-Cat-D- drilling-equipment-contract/ . It was distributed, unedited and unaltered, by noodls on 2012-03-28 12:40:21 PM. The issuer is solely responsible for the accuracy of the information contained therein.

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