DOW JONES NEWSWIRES
Norwegian conglomerate Kongsberg Gruppen ASA (KOG.OS) Monday
said the company has signed an offshore contract with Daewoo
Shipbuilding & Marine Engineering Co.(042660.SE).
MAIN FACTS:
-The contract covers deliveries to two semi-submersible drilling
rigs, with an option for Kongsberg to deliver products and services
for two more semi-submersible drilling rigs.
-Kongsberg Maritime will start deliveries early next year,
including engineering services at the yard in Korea.
-All key deliveries from Kongsberg are scheduled for completion
by December, 2012.
-Startup, commissioning and trials are scheduled to be completed
in the first and third quarter, 2014.
-The company said the deal is "significant" but disclosed no
financial detail.
-At 1302 GMT shares traded 2.1% higher at NOK121.00.
-By Katarina Gustafsson; Dow Jones Newswires; +46-8-5451-3097;
katarina.gustafsson@dowjones.com
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