Aker Kvaerner wins contract with Discoverer Invest

Offshore staff

(Norway, Asia-Pacific) - Aker Kvaerner has been awarded a contract with Discoverer Invest Ltd. in Singapore for delivery of drilling systems and equipment to a Frigstad D90 ultra deepwater semisubmersible drilling rig.

The total contract value for Aker Kvaerner is approximately $68 million.

The drilling package will consist of a dual version of the RamRig, an advanced drilling system developed by Aker Kvaerner.

This system is designed to enable more efficient drilling operations compared with conventional systems, particularly in deep waters.

The deepwater semisubmersible drilling rig is scheduled for delivery in 2009.

03/27/06