Aker Solutions Awarded $50 Million Contract

Aker Solutions has been awarded a contract for the delivery of a deepwater drilling riser system to the DSME shipyard in South Korea. The riser package will be delivered to offshore drilling company Atwood Oceanics' drill ship. The contract value is approximately $50 million and includes an option for another two units.
 
The 10,000 ft deepwater drilling riser system will be manufactured and delivered out of Aker Solutions' manufacturing plant in Port Klang, Malaysia. Delivery of the first drilling riser system is scheduled for June 2013.

Aker Solutions currently has 15 drilling riser systems in operation, of which six complete drilling riser systems have been delivered this year. The contract has been signed and booked as order intake in Q2 2011.