Aker Kvaerner Wins China Contracts

Aker Kvaerner takes further strides into the Chinese market by signing two deals with China National Offshore Oil Corporation (CNOOC). One contract is for the delivery of a complete marine drilling riser system and associated equipment, while the other is for delivery of mooring equipment to a new deepwater semi submersible drilling unit. Contract values are undisclosed. The marine drilling riser system has a total length of 7500 ft. The marine drilling riser system will be manufactured and delivered out of Aker Kvaerner Subsea's new high tech manufacturing centre in Malaysia. Delivery is scheduled for Q2, 2010. Aker Kvaerner subsidiary, Aker Kvaerner Pusnes will deliver its well-proven mooring equipment to CNOOC's drilling rig.