30 April 2009 - Aker Solutions has been awarded contracts from Exxon Neftegas Limited, as operator on behalf of the Sakhalin-1 Consortium, for designing, constructing and delivering the Arkutun-Dagi gravity base structure (GBS) for the Sakhalin-1 project. The GBS construction will primarily utilise Russian workers, subcontractors, and materials.

Once completed, the GBS will be located offshore Sakhalin Island on the east coast of Russia and will be a part of the drilling and production facilities for the Arkutun-Dagi development, a future phase of Sakhalin-1.

The other participants in the Sakhalin-1 Consortium are SODECO, ONGC Videsh Ltd, and affiliates of Rosneft, Sakhalinmorneftegas-Shelf and RN-Astra.

"I am very pleased that Exxon Neftegas Limited has chosen to work with Aker Solutions on this strategically important project.  This is a confirmation of our strategy and ambitions to grow our activities in arctic regions and our competencies, technologies and products related to maintaining our leading edge in concrete technology and to further grow our activities in the Russian Federation", says Mr. Simen Lieungh, President & CEO in Aker Solutions.

For the Sakhalin 1 Arkutun-Dagi GBS, Aker Solutions estimates the total value for services could total USD 600 million over the next three years. Expenditures under the contracts are subject to the Arkutun-Dagi development being fully sanctioned by the Sakhalin-1 Consortium.

Aker Solutions will involve partners and subcontractors, including Russian design institutes, suppliers, and construction companies, in the execution of the project. This execution approach follows the proven Aker Solutions Project Execution Model that enables bringing together Russian and Norwegian resources and expertise in an efficient, cost effective, and optimum manner to serve our clients in the Russian Federation.

ENDS

Jannik Lindbæk, SVP Corporate Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 977 55 622

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 BA Global Sourcing Champion, telephone number found here: http://www.akersolutions.com/Internet/SuppliersCentre/Contacts/SupplyManagementContacts.htm.

Career opportunities:
Visit http://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 58 billion and employs approximately 23 000 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.