Phoenix Polymers International Ltd News

Aker Solutions has been awarded another contract for delivery of a deepwater drilling riser system to Daewoo Shipbuilding & Marine Engineering (DSME). Contract value is approximately $35 million. The contract is for the delivery of a complete deepwater marine drilling riser system with buoyancy package and associated equipment. The 7 500 ft system will be used for a semi submersible drilling rig that DSME is building. This is the fourth deepwater drilling riser contract DSME has awarded Aker Solutions this year. "We are offering a technology that focuses on safe operations and offers significant time savings when connecting the riser joints. This results in significant reduction in costs from both reduced manpower and rig operations.