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Aker Kvaerner awarded Brazilian deepwater drilling riser trio

25 October, 2006 - Aker Kvaerner has been awarded contracts to supply three subsea drilling riser systems, featuring Aker Kvaerner's innovative CLIP riser system, to Brazilian drilling company Queiroz Galvão Óleo e Gás S.A. The contracts have a value of approximately USD 80 million.

The scope of work comprises three drilling riser systems, including tools and flotation, designed for use in 700 metres, 2000 metres and 2400 metres water depth, respectively. Deliveries of the risers will be completed from Aker Kvaerner's new state-of-the-art facility in Rio das Ostras, Brazil, for delivery within the next 17 to 30 months.

The drilling risers will be installed in three different rigs. Two of the rigs will operate throughout the Brazilian offshore coast serving long term contracts between Queiroz Galvão and Brazil's national oil company Petrobras. The third is analyzing opportunities to work either in Brazil or internationally.



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