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Oil, Gas, Petrochemical Industry News
News Release from: Aker Kvaerner Oil and Gas
Edited by the Processingtalk Editorial
Team on 21 January 2008
Drilling riser contracts for Aker
Kvaerner
Aker Kvaerner takes further strides into the booming Asian market by signing two contracts with Daewoo Shipbuilding and Marine Engineering (DSME)
Both contracts are for the delivery of a complete deepwater marine drilling riser system with buoyancy package and associated equipment Combined contract value is approximately USD75 million
This article was originally published on Processingtalk on 17 Nov 2004 at 8.00am (UK)
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The two deepwater marine drilling riser systems will be used for two drilling units - a drillship and a semi rig - that DSME is building.
Each riser system will have a length of 7,500 ft.
"DSME is a company that builds a significant amount of drilling units for deepwater and ultra-deepwater conditions.
Our deepwater drilling riser technology is therefore a good match for the DSME ambitions and know-how.
We are very pleased to sign our first contracts with them," says Svein Haug, senior vice president for Umbilicals and Risers, in Aker Kvaerner Subsea.
The drilling riser systems will be manufactured and delivered out of the new Aker Kvaerner Subsea high tech manufacturing centre in Malaysia.
Buoyancy modules will be manufactured by Aberdeen-based Phoenix Polymers International, a company in which Aker Kvaerner acquired a controlling 50 per cent stake in June last year.
Delivery of both drilling riser systems is scheduled for 2010.
The contracts have been booked as order intake in Q4, 2007.
Aker Kvaerner has earlier (9 November 2007) announced that subsidiary Aker Kvaerner MH in Kristiansand, Norway, will deliver drilling equipment packages to these two DSME drilling units.
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