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Aker Solutions Wins MMO Contract in the UK

February 3, 2016

Aker Solutions won a framework agreement to provide engineering and construction services for several offshore oil and gas fields in the UK North Sea.

The contract has a fixed period of five years as well as an option to be extended by five years. Aker Solutions' maintenance, modifications and operations (MMO) business in the UK will deliver on the assignment, which was awarded by an international oil and gas operator.

"Winning this contract in such a competitive market proves Aker Solutions' ability to find effective ways to support our customers at a challenging time for the industry," said David Clark, Aker Solutions' regional president for Europe and Africa.

The contract was booked as part of Aker Solutions' fourth-quarter 2015 order intake.

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.