OSLO, Norway, Dec. 14, 2021 /PRNewswire/ -- Akastor ASA's (OSE:
AKAST) 50% owned affiliate HMH has been awarded the contract to
deliver a pressure control system to Guangzhou Marine Geological
Survey (GMGS). The system will comprise of a blowout preventer
(BOP) stack, including the new SeaONYX V.2 control system, a
SeaPrime Pod control system, PR2 H4 Connectors, as well as an 8,202
ft. (2,500 meter) riser package.
The total contract value is approximately USD 77 million and follows up on the contract
awarded by GMGS to HMH's subsidiary entity MHWirth AS on
September 2, 2021 for the delivery of
a topside drilling equipment package worth approximately
USD 83 million. Reference is made to
press release dated September 2,
2021.
The combined scope of these contracts will be installed onboard
a drillship operated by GMGS with an expected delivery date around
December 2023.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
E-mail: oyvind.paaske@akastor.com
This press release may include forward-looking information or
statements and is subject to our disclaimer; see
https://akastor.com.
About HMH
HMH is a premier drilling solutions provider, which was formed
as an independent company in October
2021 through the merger of Baker Hughes' (NYSE: BKR) Subsea
Drilling Systems business and Akastor ASA's wholly owned
subsidiary, MHWirth AS.
HMH combines integrated delivery capabilities, capital, renowned
industry expertise and delivers the full range of offshore drilling
equipment products and packages at scale. HMH aims to support the
industry's transition toward more energy-efficient solutions, as
well as deploying technologies and service solutions to make the
sector more competitive through increased drilling efficiency.
Moreover, the Company's service and technology portfolio will be
utilized as a springboard for future growth, both within drilling
services and when pursuing opportunities towards adjacent
industries such as renewables and mining.
For further information, please visit homepage:
https://hmhw.com/
About Akastor
Akastor is a Norway-based
oil-services investment company with a portfolio of industrial
holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.
For further information, please visit homepage:
https://akastor.com/
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