Aker Solutions Wins First Order in Offshore Mexico

Aker Solutions will deliver electro-hydraulic steel tube umbilicals of about 73 kilometers (45 miles) that will help connect Mexico's first subsea gas development to onshore processing facilities. The field is located about 98 kilometres (60 miles) southeast of Veracruz at depths of between 900 and 1,200 meters in the Gulf of Mexico. It is targeted to supply 400 million standard cubic feet per day.

"The Lakach field is Mexico's first deepwater subsea development by Pemex and Aker Solutions is proud to deliver the first umbilical to the Mexican Gulf of Mexico," said Marc Quenneville, head of Aker Solutions' subsea business in North America.

The umbilicals will be manufactured in Mobile, Alabama, and the order will be completed in the third quarter of 2016. Aker Solutions is the market leader in subsea umbilicals, which are used to supply necessary controls and chemicals to subsea oil and gas wells, manifolds and systems requiring remote control.

The partners have chosen not to disclose the contract value.

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 17,000 people in about 20 countries. Go to www.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 www.akersolutions.com.

Bunny Nooryani

Bunny Nooryani

Director, Communications & Investor Relations

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