Aker Solutions woos $48 m contract from Daewoo

Posted on 10 Jan 2012

Marine and offshore products manufacturer Aker Solutions has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of a deepwater drilling riser system to the DSME shipyard in South Korea.

The riser package will be installed on Atwood Oceanics’ ultra-deepwater drillship, the Atwood Advantage for the sum of $48 m.

The 10,000 ft deepwater drilling riser system will be manufactured and delivered out of Aker Solutions’ manufacturing plant in Port Klang, Malaysia, with delivery of the drilling riser system scheduled for March 2014.

“We are very pleased to see our customers DSME and Atwood exercising their option for the Aker Solutions CLIP riser systems,” said Thor Arne Håverstad, executive vice president of Aker Solutions’ drilling technologies business.

Aker Solutions has delivered 16 drilling riser systems in the past 16 months, with positive feedback from operations. The contract has been signed and booked as order intake in Q4 2011.

“I am proud to see that we are able to deliver another deepwater CLIP riser to our returning customers,” said Tom Munkejord, president of Aker Solutions’ drilling riser business.

“These achievements are the results of the CLIP risers’ operational advantages, our technology expertise and service offering in the deepwater drilling market,”

Aker Solutions secured a contract with Marathon Oil Norge AS to supply a subsea production system for its oil extraction business.

The subsea control systems will be delivered out of Aberdeen, UK. Installation and commissioning will be handled by Aker Solutions’ service base at Aagotnes, Norway.