Aker signs drilling equipment contracts with Daewoo

Norwegian engineering company Aker Solutions has signed two contracts, with a total value of around $230m (£139.3m) with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of complete drilling equipment packages for two new deep-water drill ships.

Each delivery has a contract value of about $115m and includes options for additional equipment and services.

The drill ship deliveries are scheduled for the fourth quarter of 2013, with the majority of the equipment being delivered in 2012.

Aker Solutions will handle all major aspects of the delivery, from engineering and procurement to installation and commissioning.