Aker Solutions Wins Orders From Aker BP For Offshore Norway Fields

The company will deliver two subsea manifolds, a controls system and umbilicals for Skogul, which will be tied back to the North Sea Alvheim field. It will also provide umbilicals and detailed engineering of the topside for a normally unmanned installation (NUI) for Valhall Flank West, which will be tied back to the Valhall field center.

The subsea work will be carried out as part of Aker Solutions' subsea alliance with Aker BP and Subsea 7. The topside engineering work is being undertaken as part of a wellhead platform alliance with Aker BP, Kvaerner and ABB. The alliances have previously completed front-end engineering work for both fields.

"We look forward to working with our alliance partners to optimize the solutions for these fields," said Executive Vice President Knut Sandvik, who heads Aker Solutions' projects delivery center. "The alliances' strategy of early engagement and close collaboration is enabling us to significantly reduce costs and lead times on field developments."

Project management and engineering for the subsea delivery will start immediately at Aker Solutions' facilities in Tranby and Fornebu in Norway, Aberdeen in the UK and Pune in India. Facilities in Tranby, Moss and Egersund in Norway will handle fabrication. The topside engineering work will also begin immediately at Aker Solutions' offices in Stavanger.

The parties agreed to not disclose the value of the orders, which will be booked in the fourth quarter.

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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+47 93 41 23 01
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Based in Bergen, Norway

Local time: 00:12 CET

Fredrik Berge

Fredrik Berge

Senior Manager, Investor Relations

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+47 45 03 20 90
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Based in Fornebu, Norway

Local time: 00:12 CET

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