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Aker Solutions wins drilling riser contract


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Copyright © Thomson Reuters 2012. All rights reserved.
2012-12-12 08:32:16 -

12 December 2012 - Aker Solutions has been awarded a contract by Daewoo
Shipbuilding & Marine Engineering (DSME) for the delivery of a deepwater
drilling riser system to the DSME shipyard in South Korea.

The 10 000 ft deepwater drilling CLIP riser system will be manufactured and
delivered out of Aker Solutions' manufacturing plant in Port Klang, Malaysia.
Delivery of the drilling riser system is scheduled for November 2014. The
contract value is undisclosed.

The delivery is related to the second of two options included in the drilling
riser contract announced in July 2011.

"We are very pleased to see our customer DSME exercising their option for the
Aker Solutions CLIP riser system," says Thor Arne HÃ¥verstad, head of Aker
Solutions' drilling technologies business.

Aker Solutions has delivered 16 drilling riser systems 
in the past 16 months, with positive feedback from operations. "I am proud to see that we are able to deliver another deepwater CLIP riser to our returning customers. These achievements are the results of the CLIP risers' operational advantages, our technology expertise and service offering in the deepwater drilling market," says Tom Munkejord, head of Aker Solutions' drilling riser business. Aker Solutions offers complete drilling equipment packages, including project management, conceptual design, detailed engineering and procurement. Aker Solutions provides the full range of topside drilling equipment and systems, and worldwide customer support through a global drilling lifecycle services organisation. The contract has been signed and booked as order intake in Q4 2012. ENDS For further information, please contact: Media: Endre Johansen, VP Corporate Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 41 61 06 05, E-mail: endre.johansen@akersolutions.com Investor relations: Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 22 94 63 37, Mob: +47 48 17 00 35. Suppliers: For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers Career opportunities: Visit 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 25 000 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 announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Aker Solutions ASA via Thomson Reuters ONE [HUG#1664098]


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