Aker Solutions ASA : Aker Solutions signs Alvheim contract

          Aker Solutions ASA : Aker Solutions signs Alvheim contract

27 December 2012 - Aker Solutions has signed a contract with Marathon Oil
Norge for the delivery of subsea trees to the Alvheim field on the Norwegian
continental shelf. Contract value is undisclosed.

The contract includes the delivery of four subsea trees and associated
equipment. The contract is part of the frame agreement, covering the North Sea
and Europe, between Marathon Oil Norge, a wholly owned subsidiary of Marathon
Oil Corporation, and Aker Solutions.

"Our dedicated subsea teams in Norway and the UK look forward to execute
another project on behalf of Marathon. We are very pleased to continue this
positive client relationship," says Knut Røsjorde, head of Aker Solutions'
subsea operations in Norway and Africa.

The Alvheim field is located in the Norwegian sector of the North Sea, 224
kilometres from Stavanger on the Norwegian west coast, at a water depth of 122
metres.
The Alvheim subsea trees will be manufactured at Aker Solutions' facility at
Tranby, Norway. Control modules will be manufactured in Aberdeen, UK. The
project is scheduled for completion in the first half of 2014.

A subsea tree is a key technology enabling oil and gas production directly
from a subsea well to a processing facility. The tree is essentially an
advanced set of valves and is used together with associated technologies to
control the well flow. The subsea tree is an integral part of a subsea
production system.

ENDS

For further information, please contact:

Media:
Endre Johansen, Vice President Communications, Aker Solutions. Tel: +47 22 94
58 91, Mob: +47 41 61 06 05, E-mail: endre.johansen@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions.
Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail:
lasse.torkildsen@akersolutions.com

Suppliers:
For further information about sourcing and potential subcontracts for this
project, please visitwww.akersolutions.com/suppliers

Career opportunities:
Visithttp://www.akersolutions.com/careers 

Aker Solutions provides oilfield products, systems and services for customers
in the oil and gas industry world-wide. The company's knowledge and
technologies span from reservoir to production and through the life of a
field.

Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
25 000 people in more than 30 countries. They apply the knowledge and create
and use technologies that deliver their customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had
aggregated annual revenues of approximately NOK 36.5 billion. The company is
listed on the Oslo Stock Exchange.

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

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Source: Aker Solutions ASA via Thomson Reuters ONE
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