Kongsberg Gruppen

Regulatory Filings • Jun 5, 2019

Awarded contract on drilling rig valued at MNOK 350

Awarded contract on drilling rig valued at MNOK 350

Kongsberg Maritime (KONGSBERG) has won its first milestone order for a major project combining KONGSBERG control and electrical systems with power, propulsion and mooring solutions.

The contract is valued at approximately MNOK 350.

The contract with Singapore’s KeppelFELS shipyard for a newbuild Awilco Drilling Owned Moss CS60Eco semi-submersible drilling rig covers a diverse technology and equipment package, previously not available from a single partner serving the shipbuilding sector. Delivery will take place during Q2/Q3 2020 with the rig due for completion in March 2022.

“Our contract with KeppelFELS demonstrates our position as a world class, global organisation with the unique ability to supply operational technology and major ship’s equipment as a single contract,” said Egil Haugsdal, President, Kongsberg Maritime. “As one Kongsberg Maritime, our goal is to provide sustainable, safe and cost-effective integrated solutions that optimise operations and deliver value across the board”, says Haugsdal.

For further information, please contact:

Jan Erik Hoff, Group Vice President Investor Relations, Kongsberg Gruppen ASA, Tel: (+47) 991 11 916.

Ronny Lie, Chief Communication Officer, Kongsberg Gruppen ASA, Tel.: (+47) 916 10 798.

KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. KONGSBERG has close to 11,000 employees located in 40 countries. Follow us on www.kongsberg.com