OSLO, Norway , Dec. 19, 2020 /PRNewswire/ -- HWirth AS, a company owned by Akastor ASA (OSE: AKAST), has today received notification of award of a contract for delivery of a drilling equipment package to Guangzhou Marine Geological Survey (GMGS). The contract is for delivery of the topside drilling equipment to be installed onboard a drillship operated by GMGS with expected delivery date in December 2023 .
Total contract value is about USD 80 million . MHWirth will now engage with the client to conclude the final contract terms. Signing of final contract is expected to take place in Q1 2021.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Mobile: +47 917 59 705
E-mail: oyvind.paaske@akastor.com
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.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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SOURCE Akastor ASA
