Aker Solutions wins $1 billion equipment contract for six Brazilian rigs

Aker Solutions, a Norwegian deep-water equipment supplier, was awarded a contract estimated at $1 billion to provide equipment packages for six new deep-water drillships headed for Brazil, it announced in a written statement today.

Ivan Simensen, spokesman for Aker Solutions, said that the typical value for each equipment  package is approximately $180 million to $200 million, making the deal worth more than $1 billion to Aker Solutions. The contract is believed to be the largest contract the company has ever signed.

“This contract confirms our strong position in the Brazilian offshore market as well as in the deep-water drilling market,” said Thor Arne Håverstad, head of Aker Solutions’ drilling technologies business, in a written statement. “We are grateful for the trust we have been shown by Jurong Shipyard, which we have worked closely with for two years to position ourselves for this opportunity.”

The six new vessels are under contract by Brazilian-owned Petrobras and will be operated by Norwegian drilling operators Seadrill and Odfjell Drilling under 15-year charter contracts from Petrobras. The drillships are designed to be capable of operating at 10,000 feet water depth and drilling to depths of 40,000 feet.

Aker Solutions plans to deliver the drilling units between 2015 and 2019.

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