Last 39.10 NOK
Change Today -1.05 / -2.62%
Volume 980.7K
AKSO On Other Exchanges
As of 10:25 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

aker solutions asa (AKSO) Snapshot

40.00 NOK
Previous Close
40.15 NOK
Day High
40.47 NOK
Day Low
38.40 NOK
52 Week High
09/29/14 - 70.00 NOK
52 Week Low
01/20/15 - 31.55 NOK
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aker solutions asa (AKSO) Details

Aker Solutions provides products, systems, and services to the oil and gas industry worldwide. It offers various engineering services, including front end spectrum, FEED and EP contracts, offshore facilities designing and constructing, floater designs, jackets design and engineering, onshore oil and gas receiving and processing facilities, and riser systems design and installation. The company also provides maintenance, modifications, and operations services, such as front end studies, field concepts and technology, asset integrity management, modification contracts, and decommissioning. In addition, it offers a portfolio of subsea production systems and products for field developments; system engineering services; and subsea life cycle services. The company is headquartered in Fornebu, Norway.

20,000 Employees
Last Reported Date: 11/7/14

aker solutions asa (AKSO) Top Compensated Officers

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aker solutions asa (AKSO) Key Developments

Aker Solutions Wins Five-Year EPMA Work at Johan Sverdrup Field

Aker Solutions will provide engineering, procurement and management assistance services for five years at the Statoil-operated Johan Sverdrup development in the Norwegian North Sea. The EPMA work, valued at NOK 4.5 billion, is part of a 10-year framework accord announced in December 2013 and comes after Statoil decided to exercise an option. The assignment will last through 2019 and covers work in the development's first phase. The EPMA work for phase one is anticipated at its peak to involve more than 1,000 employees at Aker Solutions' engineering hubs in Oslo, London and Mumbai. The field is estimated to hold 1.8 billion to 2.9 billion barrels of oil equivalents. It's expected to produce 550,000 - 650,000 barrels of oil equivalents a day when fully developed, equal to about a quarter of current domestic output. Production is slated to start in late 2019 and is predicted to last for about half a century.

Aker Solutions Secures a Contract from Daewoo Shipbuilding and Marine Engineering

Aker Solutions secured a contract from Daewoo Shipbuilding and Marine Engineering to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield development in the UK North Sea. The agreement is worth more than GBP 120 million. It comes in addition to a five-year maintenance and modifications services contract awarded in June by Statoil for the Mariner field, which is set to start production in 2017. The work will be managed by Aker Solutions' UK MMO unit through an integrated construction and completions (ICC) organization with Daewoo and Statoil. At the peak of the offshore phase, the contract will secure as many as 950 jobs in the UK. Separately, Aker Solutions' Norwegian MMO unit secured a two-year contract extension worth NOK 360 million for asset integrity management work at 11 offshore and three onshore locations in Norway. The extension is part of a four-year contract awarded in October 2010 by Statoil.

Aker Solutions to Deliver Modules for World's First Subsea Compression System

Aker Solutions is set to deliver the modules for the world's first subsea gas compression system at the Statoil-operated Åsgard field. The facility, scheduled to come on stream in 2015, will enable the recovery of an additional 282 million barrels of oil equivalents. The modules will be assembled into two trains that will each hold a compressor. They will be placed in an 1,800-tonne steel frame that was installed at the Norwegian Sea field in July last year. The modules for the first train will be delivered in instalments from now through January. The second train and compressors will be delivered in the first quarter of next year. The compression system will boost gas pressures at the Midgard and Mikkel satellite deposits in the Norwegian Sea to potentially extend Åsgard's production life by as many as 20 years. Gas compressors are used to keep up output as reservoir pressure at gas-producing fields drops over time. While such compressors have typically been installed on platforms over sea level, placing them on the seabed and near the wellheads improves recovery rates and reduces capital and operating costs. Subsea compression also leaves a smaller environmental footprint and is safer to operate than a platform. The Åsgard subsea gas compression facility is set to go on stream in 2015 after the two 11.5-megawatt compressors are installed. The project is operated by Statoil and delivered by Aker Solutions.


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Price/Book 1.8x
Price/Cash Flow 5.0x
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