Oil drilling rig investment and construction company Frigstad Discoverer Invest has awarded Aker Kvaerner a $44 million contract for delivery of a clip connector marine drilling riser.
The order is for delivery of a one-off 3,000 metre riser, with an option for additional length. This will be Aker Kvaerner Subsea's first marine drilling riser contract in the Asian market. The contract includes purchase and installation of buoyancy elements to the riser.
The riser will be fabricated in Aker Kvaerner's new plant for assembly and testing of marine drilling risers in Port Klang,
The project will start up immediately and is scheduled to be completed in January 2009.
Red Bull makes hydrogen fuel cell play with AVL
Formula 1 is an anachronistic anomaly where its only cutting edge is in engine development. The rules prohibit any real innovation and there would be...