Aker Solutions awarded subsea connection systems contract

27 March 2012 - Aker Solutions has been awarded a contract by A/S Norske Shell, to deliver subsea connection systems for the Draugen field on the Norwegian continental shelf. Contract value is approximately NOK 105 million.

Scope of work includes the delivery of complete tie-in connection systems for production flowlines and umbilicals for the expansion of the Draugen field.

"Aker Solutions has supplied connection systems for the subsea installations on the Draugen field since 2002. We are pleased that we can continue to assist A/S Norske Shell to expand the field and increase the production with our solutions," says Alan Brunnen, executive vice president of Aker Solutions' subsea business area.

Management, engineering and procurement of the connection systems will be performed at Aker Solutions' head office in Fornebu, Norway. Equipment deliveries will be made from 2012 to 2013.

The Draugen field is located in block 6407/9 in the Haltenbanken area of the Norwegian Sea, which is situated about 140 kilometres from Kristiansund, Norway, at a sea depth of 250 metres.

Aker Solutions' contract party is Aker Subsea AS.

ENDS



For further information, please contact:

Media:
Endre Johansen, VP Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob:
+47 416 10 605, E-mail: endre.johansen@akersolutions.com

Investor relations:
Astrid Thommesen Sæbø, Vice President 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 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 23 500 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their 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 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 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.




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Source: Aker Solutions ASA via Thomson Reuters ONE
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