MHWirth, a company owned by Akastor ASA, today signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid water semisubmersible 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. Reference is made to stock exchange release dated 5 April 2018.

MHWirth, together with Cognite and Precise Prediction, has completed the first part in digitizing its PHM (Prognostics and Health management) system.

MHWirth has been awarded the contract for the delivery of its automatic drilling control system, DEAL™, on all Transocean floaters currently in operation on the Norwegian Continental Shelf for Equinor, a total of five floating drilling units.

Akastor ASA (OSE: AKA), an oil service investment company, today announced that Pete Miller has been appointed Executive Chairman of MHWirth and Eirik Bergsvik as CEO. Both changes are effective today.

AFGlobal and MHWirth have entered into a distribution agreement, providing the managed pressure drilling market with a comprehensive package for deepwater rig systems.