Aker Drilling Agrees Drillship Option Extension with DSME, South Korea

Aker Drilling, through its subsidiary Aker Drilling Offshore Services Public Ltd., has agreed with Daewoo Shipbuilding and Marine Engineering Co. Ltd. an extension to the time limit for declaring its first optional drillship from end of June 2011 to the end of October 2011.

The terms of the options remain otherwise unchanged, however Aker Drilling will now commit one million dollars which will form part of the initial payment in the event of an eventual declaration of the first option.

In January 2011 Aker Drilling placed orders for two ultra deepwater drillships with Daewoo Shipbuilding and Marine Engineering Co. Ltd. for delivery in Q4 2013. The company continues to believe that the underlying fundamentals in its targeted ultra deepwater and harsh environment segments of the offshore drilling industry remain positive and strong.

Aker Drilling is a fully integrated offshore drilling contractor, owning and operating two of the world’s largest, most advanced and most robust 6th generation semisubmersible drilling units of the Aker H-6e design. In addition, the company has two ultra deepwater drillships of the DSME design under construction at Daewoo Shipbuilding & Marine Engineering Co. Ltd. shipyard in South Korea. Aker Drilling is based in Stavanger, Norway, and has approximately 440 employees, of which 400 offshore. Long experience and strong focus on HSE characterise both the management and the operating organisation.

Source:Aker Drilling , June 24, 2011;

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply