Aker Solutions ASA : Aker Solutions wins Gullfaks South contract

       Aker Solutions ASA : Aker Solutions wins Gullfaks South contract

28 December 2012 - Aker Solutions has been awarded a topside modification
contract by Statoil to increase oil recovery at Gullfaks South. Estimated
contract value is NOK 180 million.

The main object of the project is to deliver topside modification for tie-in
of two new templates, located at Gullfaks South, to Gullfaks A, plus topside
modification for re-routing production from existing template D from Gullfaks
A to Gullfaks C.

Scope of work under the Gullfaks South increased oil recovery topside project
includes engineering, procurement, construction, installation and
commissioning assistance (EPCIc).

"This will be a challenging and exciting job. It is an important assignment
for Aker Solutions, which shows that we are competitive on jobs in all levels
of the market. We are pleased that Statoil renews their trust in our topside
modification services," says Tore Sjursen, head of Aker Solutions'
maintenance, modifications and operations business.

Maintenance and modifications work will help to increase oil recovery rate and
extend the life ofthe Gullfaks field.

The Gullfaks South increased oil recovery topside EPCIc assignment will be
executed by Aker Solutions' maintenance, modifications and operations team in
Bergen, Norway. Pre-fabrication will be performed at Aker Solutions'
fabrications facilities at Aagotnes, Bergen.

Project completion date is estimated to the end of 2014.

Aker Solutions' contract party is Aker Solutions MMO AS.

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: +47 911 37 194.

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.

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Aker Solutions ASA via Thomson Reuters ONE
HUG#1667346
 
Press spacebar to pause and continue. Press esc to stop.