Aker Solutions' MMO Unit to Work With Kvaerner on Njord A Upgrade

The company signed a subcontractor agreement with Kvaerner, which was awarded the framework agreement for the Njord Future project by Statoil. Aker Solutions' initial delivery will be front end engineering design (FEED) work. The contract with Kvaerner also includes engineering work in the engineering, procurement and construction (EPC) phase of the project should the operator decide to proceed with this, as well as an option for prefabrication work.

"We look forward to working with Kvaerner to find the most robust and cost-effective solutions for Statoil on this project, which draws on our experience in complex modifications," said Per Harald Kongelf, head of Aker Solutions' Norwegian operations.

The MMO unit in Bergen will execute the FEED work with support from Aker Solutions' engineering business in Oslo, working as an integrated team with Kvaerner. The work will start immediately and at its peak involve 120 employees of Aker Solutions.

Aker Solutions has previously delivered concept and feasibility studies on upgrading Njord to Statoil.

ENDS

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 15,000 people in about 20 countries. Go to http://akersolutions.com for more information on our business, people and values.

This press release may include forward-looking information or statements and is subject to our disclaimer, see http://akersolutions.com.

Bunny Nooryani

Bunny Nooryani

Director, Communications & Investor Relations

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