Norwegian engineering firm Aker Kvaerner has won a $50 million contract for the delivery of a complete deepwater marine drilling riser system with a buoyancy package and associated equipment.
The undisclosed client has also signed an agreement to buy an additional buoyancy package for a drilling riser system it purchased from Aker in 2007.
The marine drilling riser system, to be used for a drillship, will measure at a length of 7,500 feet. It will be manufactured and delivered out of Aker Kvaerner’s subsea manufacturing center in Malaysia. Delivery is scheduled for the second quarter of 2010.
The buoyancy modules will be manufactured by Phoenix Polymers International, which is 50% owned by Aker Kvaerner.
Svein Haug, Aker Kvaerner’s senior vice president for umbilical and riser, said: We are one of the market leaders in the drilling riser segment. Our new high tech manufacturing centre in Malaysia has been a key driver in capitalizing on the boom in the worldwide rig market. Furthermore, we have recently opened a new drilling riser manufacturing facility in Brazil, which will enable us to grab an even larger share of the market.