Aker Solutions wins Hebron GBS project

09.11.2010  |  Globenewswire Europe

9 November 2010 - Kiewit-Aker Contractors, a 50/50 joint venture between Peter
Kiewit Infrastructure and Aker Solutions, has been awarded a contract by
ExxonMobil Canada Properties (EMCP) for the Hebron Project gravity based
structure (GBS). The contract is for Front End Engineering and Design (FEED) and
site preparation, with the option at ExxonMobil's discretion to subsequently
provide detailed engineering, procurement and construction (EPC) services. The
contract value for Aker Solutions' share of the FEED and site preparation is USD
70 million.

The Hebron Field is an oil and gas development in the Atlantic Ocean located
350 kilometres offshore from St. John's, in Newfoundland and Labrador, Canada.

"We are very pleased that ExxonMobil has chosen to work with Kiewit-Aker
Contractors on this strategically important project. It confirms our strong
position within arctic technologies in general and gravity based structures
(GBS) in particular. The GBS is one of our key products with a global and
emerging market", says Per Harald Kongelf, executive vice president in Aker
Solutions.


FEED will commence immediately, with site preparation at the Bull Arm
fabrication yard, Newfoundland and Labrador, Canada, to be performed once
permits are received. Aker Solutions' project management will be based in St.
John's, Newfoundland and Labrador, Canada.


Aker Solutions has a long track record for offshore concrete structures, with a
series of 15 concrete structures, both fixed and floating designed, constructed
and installed on the Norwegian Continental shelf between 1971 and 1993.  Recent
offshore concrete projects by Aker Solutions are substructures to two platforms,
installed in 2005 east of Sakhalin in Russia for Sakhalin Energy, the Adriatic
LNG terminal installed in 2008 outside Venice in Italy, and the Arkutun-Dagi GBS
for the Sakhalin-1 project currently being constructed in Nakhodka, Russia for
Exxon Neftegas Limited.

Aker Solutions and Peter Kiewit Infrastructure have a long history of working
together, with main project references being the Hibernia GBS offshore
Newfoundland and Labrador, Canada for Hibernia Management and Development
Company Ltd. (HMDC) and the White Rose Floating Production, Storage and
Offloading system (FPSO) project for Husky Energy. The Kiewit-Aker Contractors
joint venture was established in 2010 with a 50/50 percent ownership.

GBS contract parties are ExxonMobil Canada Properties and Kiewit-Aker
Contractors.

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:
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 contact the relevantBA Global Sourcing Champion.

Career opportunities:
Visithttp://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 54 billion and employs
approximately 22 000 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)


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Source: Aker Solutions ASA via Thomson Reuters ONE


Unternehmen: Aker Solutions ASA - ISIN: NO0010215684