Drilling rig deal for Aker Kvaerner

News

Aker Kvaerner has been awarded a $15m contract with PPL Shipyard 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

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 $15m.

The award is based on a letter of intent signed with PPL Shipyard in October 2006. The work will be undertaken in Kristiansand by the Aker Kvaerner subsidiary Aker Kvaerner MH.

The scope of work for Aker Kvaerner MH is to deliver engineering and commissioning services in addition to the drilling equipment.

The jack-up drilling rig is scheduled for delivery at the end of 2008. The drilling rig will be designed for worldwide operation.