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AKER YARDS TO BUILD NEW WELL INTERVENTION UNIT FOR ISLAND OFFSHORE
15.7.2008

Aker Yards has signed a contract with Island Offshore for building of a well intervention unit to Island Offshore. The vessel will be based on the same design as "Island Wellserver", delivered from Aker Yards earlier this year. The vessel is equipped for operations in the North Sea market especially, and world wide generally. The value of the contract is approximately NOK 1.2 billion included equipment supplied by the owners. The well intervention unit is scheduled for delivery in Q3 2011.

President of Aker Yards' business area Offshore & Specialized Vessels, Roy Reite says in a comment: "I am very pleased that Island Offshore again has placed a new building contract with Aker Yards. We delivered the second well intervention vessel to Island Offshore some months ago, and we are looking forward to build the third and upgraded vessel. We have delivered more than 20 vessels to Island Offshore, and we appreciate the excellent cooperation with this innovative client."
 
Island Offshore is a front runner in the well intervention market, with its competence and experience of well intervention service.
 
The new vessel will be based on the same design as "Island Wellserver", upgraded with increased length, engine capacity, thrusters capacity and topside capacity.
 
The well intervention unit will be of Rolls-Royce UT 767 CDL design, and will be built at Aker Yards in Norway.
 
 
 
For further information please contact:
 
Aker Yards ASA:
Media:
Torbjørn S. Andersen, Senior Vice President, Communications: Tel. +47 928 85 542
 
Investors:
Elise Heidenreich, Vice President, IR: Tel. +47 951 41 147
 
Aker Yards, Offshore & Specialized Vessels
Media:
Hege Anita Akselvoll,   Communications Manager: Tel +47 916 90 051
 
 
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 and offshore & specialized vessels. Aker Yards comprises 18 yards in Brazil, Finland, France, Germany, Norway, Romania, Ukraine and Vietnam. Aker Yards has approximately 21,000 employees.

 
   
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