MHWirth Bags Keppel FELS Contract

MHWirth, a company owned by Akastor, has signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid-water semi-submersible drilling rig.

 This is the first out of three options that were given when Keppel FELS and MHWirth signed a contract in April 2018 for a similar drilling equipment package, said the supplier of drilling equipment and facilities for the offshore industry.

Reference is made to stock exchange release dated 5 April 2018, it said.

The rig will be built for Awilco Drilling PLC by Keppel FELS Limited in Singapore. Delivery is planned for Q1 2022.

The contract value for the drilling equipment package, including a mid-water riser package, is approximately USD 100 million. This will be included in the order intake in Q2 2019.

Mhwirth AS supplies drilling equipment and facilities for the offshore industry that includes components, drilling modules, and rig packages.

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments.

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