Aker Solutions Wins Drilling Equipment Contract

Aker Solutions has won a contract with a subsidiary of Honghua Holding Ltd. of China to deliver high specification drilling equipment components for seven new onshore drilling rigs. The contract value is about NOK 365 million. Honghua is building a series of seven drilling rigs for a premier drilling company in the Middle East region. The contract includes options for another four identical deliveries. Each drilling equipment delivery includes a drawwork, three mud pumps, a 1000 tons top drive and other equipment from Aker Solutions.

"This contract underlines the quality of Aker Solutions' drilling equipment portfolio, combined with our proven execution ability on multi-rig projects and that our drilling expertise and high specification equipment can be applied in the onshore drilling market," says Thor Arne Haverstad, executive vice president and head of drilling technologies in Aker Solutions.

Aker Solutions will deliver the first equipment sets to the customer in the fourth quarter of 2012. All equipment deliveries will be completed by the summer of 2013. The majority of the equipment will be delivered from Aker Solutions' subsidiary in Erkelenz, Germany.