Aker Solutions ASA : Subsea production system award to Aker Solutions

29.12.2011  |  Globenewswire Europe

29 December 2011 - Aker Solutions has been awarded a job by Statoil for the
engineering, procurement and construction of a subsea production system for the
Svalin project on the Norwegian continental shelf. The contract value is
approximately NOK 400 million.

Scope of work includes two subsea trees, one four-slot integrated template
structure with process distribution manifold, subsea and topside production
control systems, wellhead systems and remote connection systems.

"We are very proud to be awarded this subsea production system project from
Statoil and pleased to be further involved in the development of delivering
standardised subsea solutions for fast-track developments," says Alan Brunnen,
executive vice president of Aker Solutions' subsea business area.

Management, engineering and procurement of the subsea production system will be
primarily performed at Aker Solutions' headquarters in Oslo, Norway. Fabrication
and manufacturing will take place in Tranby and Egersund in Norway and Aberdeen
in the UK.

Final deliveries will be made in Q3 2013.

Svalin is a fast-track oil field project located in the middle part of the North
Sea, about eight kilometers southwest of the Grane field and approximately
185 kilometres west of Haugesund, in a water depth of approximately 120 meters.

Aker Solutions' contract party is Aker Subsea AS.


ENDS



For further information, please contact:

Media:

Endre Johansen, VP communications, Aker Solutions ASA, +47 22 94 58 91, Mob:
+47 41 61 06 05, E-mail: endre.johansen@akersolutions.com

Investor relations:

Astrid Thommesen Sæbø, VP Investor Relations, Aker Solutions. Tel:
+47 22 94 63 37, +47 48170035, E-mail:

Astrid.Thommesen.Saebo@akersolutions.com

Suppliers:

For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers

Career opportunities:

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

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global oil services company that provides engineering services,
technologies, product solutions and field-life solutions for the oil and gas
industry. 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 35 billion and employs
approximately 18 000 people in about 30 countries.
This press release may include forward-looking information or statements and is
subject to our disclaimer, seewww.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






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Source: Aker Solutions ASA via Thomson Reuters ONE

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Unternehmen: Aker Solutions ASA - ISIN: NO0010215684