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Aker Solutions ASA
Aker Solutions ASA
Registriert in: Norwegen WKN: A0B97B Rohstoffe:
Art: Originalaktie ISIN: NO0010215684 Dienstleister
Heimatbörse: Oslo Alternativ: -
Währung: NOK    
Symbol: AKSO.OL Forum:

Aker Solutions secures three-year extension with Nexen in UK sector

29.06.2010 | 8:57 Uhr | Globenewswire Europe
29 June 2010 - Aker Solutions has secured a three-year contract extension for
engineering and construction work with client Nexen Petroleum UK Limited in the
UK sector of the North Sea. Aker Solutions estimates the contract value to be
approximately GBP 60 million.

"It is a strategic objective for Aker Solutions to keep our position in the
maintenance and modification market in the North Sea. The UK sector has a mature
and highly competitive upstream oil and gas segment. We are pleased to learn
that Nexen, as one of our key clients, value our services within modifications
and look upon this contract extension as a confirmation of the high-quality
performance from our business in the UK", says Jarle Tautra, executive vice
president in Aker Solutions.

Nexen Petroleum UK Limited is extending the engineering and construction
contract with Aker Solutions, releasing an extended option on the existing
agreement. The original E&C contract with Nexen was signed in April 2005. Aker
Solutions scope of work for Nexen involves engineering, procurement and
construction services for Nexen's UK North Sea assets.

"In our highly competitive marketplace it is extremely encouraging to add the
Nexen contract extension to our portfolio. This latest win follows other
significant contract extensions awarded to us in recent months and we are
delighted to further our relationship with Nexen, especially at such an exciting
time in the development of their asset portfolio. I look forward to helping them
achieve their strategic objectives in the coming years and further developing
our highly efficient modifications service", says Rod Buchan, managing director
in Aberdeen and vice president of Maintenance, Modifications and Operations in
Aker Solutions.

Work under the extended contract is ongoing and will last until April 2013.

The contract parties are Nexen Petroleum UK Limited and Aker Solutions'
subsidiary Aker Offshore Partner Ltd.


ENDS

For further information, please contact:

Media:
Mariken Holter, VP Communications, Aker Solutions. Tel: +47 67 52 74 35, Mob:
+47 917 87 358

Investor relations:
Ingrid Aarsnes, VP Investor Relations, Aker Solutions. Tel: +47 22 94 63 37,
Mob: +47 950 38 364

Suppliers:
For further information about sourcing and potential subcontracts for this
project, please contact the relevant BA Global Sourcing Champion.

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global provider of engineering and construction services,
technology products and integrated solutions. Aker Solutions' business serves
several industries, including oil & gas, refining & chemicals, mining & metals
and power generation. The Aker Solutions group is organised in a number of
separate legal entities. Aker Solutions is used as the common brand/trademark
for most of these entities.

Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has
aggregated annual revenues of approximately NOK 58 billion and employs
approximately 23 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies
with a focus on energy, maritime and marine resource industries. The Aker
companies share a common set of values and a long tradition of industrial
innovation. As an industrial owner controlling 40.27 percent of the shares in
Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the
development of Aker Solutions.

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

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act).


[HUG#1427815]








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.
All reproduction for further distribution is prohibited.

Source: Aker Solutions ASA via Thomson Reuters ONE


Unternehmen: Aker Solutions ASA - ISIN: NO0010215684
 
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