Aker Solutions has secured a NOK540m ($97.73m) contract from Daewoo Shipbuilding & Marine Equipment to provide a complete drilling equipment package for a new deepwater drill ship.

Tungsten Explorer Company, a subsidiary of Vantage Drilling Company, will own and operate the drill ship.

Delivery of the drill ship is expected to take place in 2012.

Aker Solutions drilling technologies business executive vice-president and head Thor Arne Haverstad said the company is very pleased to win another contract to deliver their deepwater drilling equipment and systems.