Aker Solutions Wins Drilling Riser Contract

(Press Release)
Thursday, July 19, 2012

Aker Solutions has won a contract to deliver a deepwater drilling riser system to Atwood Oceanics, the drilling operator.

The contract value is undisclosed. The deepwater drilling riser system will be manufactured and delivered from Aker Solutions' manufacturing plant in Port Klang, Malaysia.

"We are very pleased to be delivering an Aker Solutions CLIP riser system to Atwood for the fifth time," says Thor Arne Håverstad, head of Aker Solutions' drilling technologies business.

The drilling riser system is scheduled to be delivered in the autumn of 2013. Aker Solutions has previously delivered risers to the Atwood Osprey and Atwood Condor drilling units. Another two drilling riser systems are currently being produced for the Atwood Advantage and Atwood Achiever units.

"The unique technology behind the CLIP riser offers the drilling operator a faster connection and disconnection of the riser joints, which improves operational efficiency and safety. The drilling riser from Aker Solutions can be disconnected and pulled out of the water in half the time it takes to remove a traditional riser, which saves the operator time and money," says Tom Munkejord, senior vice president and head of Aker Solutions' drilling riser business.

Aker Solutions offers complete drilling equipment packages, including project management, conceptual design, detailed engineering and procurement. The company provides the full range of topside drilling equipment and systems, including drilling risers, with worldwide customer support through its lifecycle services organisation.

The contract has been booked as order intake in the second quarter of 2012.
 

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