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AKER YARDS TO BUILD CONSTRUCTION VESSEL
27.6.2006

Aker Yards has entered into a contract with Farstad Shipping ASA for the building of one Construction Vessel with a value of approx NOK 850 million.

Aker Yards, Langsten is to build a 121.5 m x 26 m Construction Vessel for Farstad, based on the Rolls-Royce design; UT 761 CD. The Vessel is scheduled for delivery from Aker Yards, Langsten in the fourth quarter of 2008. The vessel will after delivery enter into a long term charter with Saipem UK Ltd. The vessel is specially designed for plough duties in connection with pipe laying of oil and gas pipes offshore. The vessel will have a Bollard Pull of more then 350 tons, and all equipment necessary to support the most challenging operations and environments world wide.
           
Further, the vessel will be built according to the DP III class and equipped with a large construction crane and an A-frame. It will be 121,5 meters long and 26 meters wide.
 
This is the 20th contract between the shipowner Farstad Shipping and Aker Yards.
 
Mr Roy Reite, responsible for the Offshore & Specialized Vessel business area in Aker Yards states in a comment: "This contract confirms our long and good relationship with Farstad Shipping ASA, and also our strong and innovative relationship with Rolls-Royce".
 
Please see an illustration of the vessel attached.  
 
For further information, please contact:
 
Roy Reite, Aker Yards AS                         
Tel.: +47 901 10 807
 
Tore Langballe, Aker Yards ASA                         
Tel.: +47 907 77 841
 
Aker Yards ASA is an international shipbuilding group focusing on sophisticated vessels. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels & ferries, merchant vessels, offshore & specialized vessels. Aker Yards comprises 15 yards in Brazil, Finland, France, Germany, Norway and Romania. Aker Yards has approximately 16,000 employees.
 
Aker Yards is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 43,000 employees and EUR 7.5 billion revenues. Aker owns 50.4 per cent of Aker Yards, and the group is also a significant participant in the oil & gas business as well as the fisheries industry.
 

 
   
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