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Aker Solutions wins Bøyla subsea contract

05.01.2012  |  Globenewswire Europe
5 January 2012 - Aker Solutions has signed a contract with Marathon Oil Norge AS
to supply a subsea production system for the operator's Bøyla project on the
Norwegian continental shelf. Contract value is approximately NOK 210 million.

Scope of work includes engineering, procurement, construction and delivery of
four subsea trees, four over-trawlable subsea structures and control systems.

The Bøyla field is located south-west of the Alvheim field and will be tied back
to the Alvheim FPSO. The water depth is approximately 120 meters.

"The Bøyla contract is another confirmation of the robust nature of our fast-
track field development programme. We are working continuously to further
minimise execution time, risk and cost. This award reflects the programme's
competitiveness. We have a frame agreement with Marathon that dates back to
2004 and are very pleased to continue working with them on this project," says
Alan Brunnen, executive vice president of Aker Solutions' subsea business.

Engineering and manufacturing of the subsea trees will be primarily performed at
Aker Solutions' technology centre at Tranby, Norway. Engineering of the over-
trawlable structures will be carried out at Aker Solutions headquarters in
Fornebu, Norway. The subsea control systems will be delivered out of Aberdeen,
UK. Installation and commissioning will be handled by Aker Solutions' service
base at Aagotnes, Norway. Final deliveries will be made in Q1 2013.

Aker Solutions' contract party is Aker Subsea AS. The contract has been signed
and booked as order intake in Q4 2011.

ENDS

For further information, please contact:

Media:
Endre Johansen, VP communications, Aker Solutions. Tel: +47 22 94 58 91, Mob:
+4741 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, Mob: +47 48 17 00 35, 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, see http://www.akersolutions.com







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.

Source: Aker Solutions ASA via Thomson Reuters ONE

[HUG#1575385]


Unternehmen: Aker Solutions ASA - ISIN: NO0010215684
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