Aker Solutions Wins Johan Sverdrup Framework Contract

20.12.2013  |  Globenewswire Europe

20 December 2013: Aker Solutions today won a framework contract from Statoil to
provide engineering services, procurement and management assistance (EPma) for
as many as 10 years at the Johan Sverdrup development in the Norwegian North
Sea.

The accord includes front-end engineering design (FEED) work, for a value of NOK
650 million, as well as an EPma option for the development's first phase. It
also has additional options for work in later phases.

"The Johan Sverdrup field is one of Norway's largest offshore oil discoveries
and of huge importance to both our company and the country's oil and gas
industry," said Øyvind Eriksen, executive chairman of Aker Solutions. "The
contract will define Aker Solutions for years to come."

Aker Solutions this year conducted concept studies for Johan Sverdrup, which is
estimated to hold between 1.8 billion and 2.9 billion barrels of oil equivalent.
Statoil is the working operator for the development, which spans three licenses.
Other partners include Lundin Norway, Petoro, Maersk Oil and Det norske
oljeselskap.

"We've built a strong relationship with Statoil over the years, having worked
closely together on many offshore developments," Eriksen said. "We greatly look
forward to working with all the partners on this important project."

ENDS

For further information, please contact:

Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Mob:
+47 480 27 575, E-mail: bunny.nooryani@akersolutions.com.

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Mob: +47 911 37 194,
E-mail: lasse.torkildsen@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 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
28 000 people in more than 30 countries. We apply the knowledge and create and
use technologies that deliver our 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 2012 Aker Solutions had aggregated
annual revenues of approximately NOK 45 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 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 GlobeNewswire
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