Aker Yards contracts for four new vessels

Aker Yards has contracted with Aker Oilfield Services to build four large well intervention/construction vessels. The contract also contains an option for another two vessels.

Offshore staff

OSLO, Norway -- Aker Yards has contracted with Aker Oilfield Services to build four large well intervention/construction vessels. The contract also contains an option for another two vessels.

The vessels are of the Aker OSCV 06 WI design type developed for Aker Oilfield Services on the basis of the OSCV 06 design that has been adapted for well intervention purposes.

The vessels will be 157 m ( ft) long with a beam of 27 m ( ft) and will be equipped with an active heave compensated crane, ROV, launching systems, and a derrick for well intervention purposes. The newbuilds will be DP3 ice class vessles with a maximum speed of 18 knots.

Delivery of the first vessel is scheduled for spring 2010. The following vessels will be delivered at approximately six-month intervals from Aker Yards' sites in Norway.

3/5/2007

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