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Aker Kvaerner Gets Contract

Maritime Activity Reports, Inc.

July 18, 2006

Aker Kvaerner has signed a contract with MPF Corp Ltd. for delivery of drilling equipment to the Multi Purpose Floater (MPF) drillship. The drilling package is designed for world wide, harsh environment and ultra deepwater drilling operations. The contract is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand. The delivery consists of a complete drilling equipment package; derrick and associated equipment, drillfloor and pipedeck equipment with control system, tensioning systems, mud handling equipment and subsea handling equipment.

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