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    Aker Maritime to deliver solutions for Vastar

    Contracts, Tenders and Rates // September 22, 2000
    Aker Maritime has been awarded a contract for delivery of a top tensioned riser system for the Horn Mountain field operated by Vastar Resources in the Gulf of Mexico.

    Aker Maritime in Houston, Texas will be responsible for the engineering, procurement, fabrication and delivery of eight top tensioned risers with options for up to six additional risers.

    Earlier this summer, Aker Maritime was awarded the contract for the engineering, procurement, fabrication and delivery of the complete spar hull and mooring system for the Horn Mountain development.

    Proposed delivery of the spar is scheduled for the second quarter of 2002.

    Vastar holds a two-thirds working interest in Horn Mountain field and serves as operator, with Occidental Petroleum Corporation holding a one-third interest.

    Located in Mississippi Canyon Block 127, in water depth of approximately 1,600m (5,400ft), the Horn Mountain field will represent a new water depth record for a floating production system.

    Daily production from the field is currently anticipated to peak at 65,000 barrels of oil and approximately 60 million cubic feet of gas.

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