Aker Kvaerner drilling equipment contract for Samsung

Samsung Heavy Industries Co. Ltd. in Korea has awarded Aker Kvaerner a contract for delivery of a new drilling rig equipment package to Eastern Drilling’s West E-Drill project. The contract value is approximately NOK 700 million. The project will start immediately at Aker Kvaerner’s subsidiary Aker Kvaerner MH, with delivery of the drilling equipment package in the second half of 2007. “We are pleased that Samsung Heavy Industries has awarded us this contract, which confirms our leading market position in the deep water segment. Furthermore, we continue the growth in the drilling equipment segment, and it supports our unique RamRig technology”, says Roald Amundsen, President of Aker Kvaerner MH.”