Business Services Industry
Norway's Aker Kvaerner ASA wins USD50m deep-water marine drilling riser system order
Nordic Business Report, April 1, 2008
NORDIC BUSINESS REPORT-1 April 2008-Norway's Aker Kvaerner ASA wins USD50m deep-water marine drilling riser system order(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Norwegian engineering, construction and technology group Aker Kvaerner ASA said on Tuesday (1 April) that it has secured a USD50m drilling riser order from an undisclosed customer.
The order covers a complete deep-water marine drilling riser system with buoyancy package and associated equipment. The drilling riser system will be manufactured at Aker Kvaerner's subsea manufacturing centre in Malaysia, while the buoyancy modules will be supplied by Aker Kvaerner's 50%-owned associated company Phoenix Polymers International.
The customer has at the same time also ordered an additional buoyancy package for a drilling riser system delivered by Aker Kvaerner in 2007.
Delivery is scheduled for the second quarter of 2008.
Aker Kvaerner, headquartered in Oslo, Norway, is a leading global provider of engineering and construction services, technology products and integrated solutions. The group has 24,000 employees in 30 countries and has annual revenues of NOK58bn. The company's largest shareholder is the Norwegian holding group Aker ASA (40.27%). Aker Kvaerner is listed on the Oslo Stock Exchange and traded under the ticker AKVER.
One British pound (GBP) is worth approximately 2.00 US dollars (USD).
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