Aker Solutions to Design Johan Castberg FPSO Accommodation Unit

The work scope includes detailed design engineering of the living quarters and technical specifications for the equipment and supplies required for Sembcorp to construct the accommodation unit for the Statoil-operated development. Johan Castberg is the largest oil discovery in the Norwegian Barents Sea.

"We look forward to working with Sembcorp and Statoil on this next stage of the landmark Johan Castberg development," said Executive Vice President Knut Sandvik, who heads Aker Solutions' projects delivery center. "We will build on our previous work on the development to optimize the design of the living quarters."

Aker Solutions has been directly involved in the Johan Castberg development since its earliest phases, providing concept studies and front-end engineering design that have helped drive down costs. As previously announced, the company earlier this week won contracts from Statoil to supply the subsea production system for Johan Castberg and design the FPSO's topside.

Work on the accommodation unit will be carried out at Aker Solutions' locations in Oslo and Mumbai, starting in the current quarter. Delivery is scheduled for the second half of 2018.

Sembcorp Marine, a global provider of integrated offshore and marine engineering solutions, will be constructing the living quarters at its shipyard in Singapore for Statoil.

The parties agreed to not disclose the financial value of the contract, which will be booked as part of Aker Solutions' fourth-quarter 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 14,000 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

Stina Kildedal-Johannessen

Stina Kildedal-Johannessen

Media contact, Norway

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Based in Bergen, Norway

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Fredrik Berge

Fredrik Berge

Senior Manager, Investor Relations

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Based in Fornebu, Norway

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