Drilling rig equipment contract in Singapore

An Aker Kvaerner Oil and Gas product story

Edited by the Processingtalk editorial team Nov 23, 2006

Aker Kvaerner has been awarded a contract with PPL Shipyard Pte in Singapore for delivery of drilling equipment for a Baker Marine Pacific Class 375 jack-up drilling rig

Aker Kvaerner has been awarded a contract with PPL Shipyard Pte in Singapore for delivery of drilling equipment for a Baker Marine Pacific Class 375 jack-up drilling rig.

The total contract value for Aker Kvaerner is approximately USD15 million.

The award is based on a letter of intent signed with PPL Shipyard in Singapore in October 2006.

The work will be undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand.

The scope of work for Aker Kvaerner MH is to deliver drilling equipment as well as engineering and commissioning services.

The jack-up drilling rig is scheduled for delivery at the end of 2008.

The drilling rig will be designed for world-wide operation.

"This award confirms not only Aker Kvaerner's performance and close cooperation with PPL Shipyard on similar projects, but also the Aker Kvaerner MH established position as a leading supplier in the world-wide offshore drilling equipment segment," says Roald Amundsen, President of Aker Kvaerner MH.