Aker Yards to Build Two Vessels in Romania for Solstad

Aker Yards has entered into contracts with Solstad Offshore ASA for building of one Platform Supply/ ROV Vessel of Aker PSV/ROV 06 CD design and one Offshore Subsea Construction and Maintenance Vessel of Aker OSCV 06 L design.

The hull for the vessels will be built at Aker Yards in Romania and outfitted at Aker Yards in Norway. The total value of the contracts is approximately NOK 1.4 billion (175 million EUR). Delivery of the PSV/ROV 06 CD is scheduled to second/third quarter 2010, the OSCV 06 L is scheduled for delivery first quarter 2011.

Roy Reite in charge of Aker Yards" Offshore & Specialized Vessels business area: "I am very pleased that Solstad has placed their newbuilding orders with Aker Yards. Solstad is a very well recognized ship owner, and we are looking forward to the cooperation on this newbuildings contracts."

The PSV/ROV 06 CD is a platform supply vessel with a hangar for ROV (remote operated vehicle), and with a dynamic positioning system according to DP II class. The vessel will further be equipped with a 100 tons offshore crane and with helicopter platform. The propulsion system is diesel electric.

The OSCV 06 L is a sub sea construction vessel with DP III dynamic position system, and will be equipped with one 400 tons and one 50 tons offshore cranes, moon pools, helicopter platform and is prepared for two ROV systems. It is further prepared for installation of pipe laying and cable laying equipment. The propulsion system is diesel electric.

Both vessels are designed by Aker Yards Project and are designed according to Clean Design class, and for good sea keeping performance, low fuel consumption and environmental friendly operations.

Solstad Offshore ASA also has an option for up to two identical PSV/ROV 06 CD vessels. Solstad Offshore ASA is a Norwegian offshore company listed on Oslo Stock Exchange.

Aker Yards ASA is an international shipbuilding group organized in three business areas: cruise and ferries, merchant vessels and offshore and specialized vessels. Aker Yards comprises 18 yards in Brazil, Finland, France, Germany, Norway, Romania, Vietnam and Ukraine with some 20,000 employees.