Aker Solutions awarded EPCI-contract on Draugen for Shell

18 December 2009 – Shell has awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract for a produced water re-injection system on Draugen. The scope for Aker Solutions also includes prefabrication and commissioning assistance. Aker Solutions estimates the contract value to be approximately NOK 200 million.

Aker Solutions secured a frame agreement for maintenance and modifications for Shell on their Norwegian Portfolio in 2005. The produced water re-injection contract is a call-off from the existing  modifications and maintenance support contract Aker Solutions has with Shell.

"This project is interesting for Aker Solutions both from a technological and environmental perspective. We are pleased to demonstrate that the scope of work falls well within our core competence. We are looking forward to take on this project and always strive to be a preferred partner for Shell in the North Sea ", says Stian Vemmestad, President of Maintenance, Modifications and Operations in Aker Solutions.

The Draugen field is an oilfield located in the Norwegian Sea, operated by Shell. The operational organisation for the Draugen field is in Kristiansund and both Shell and Aker Solutions has built up a considerable regional capacity in this region.

Work under the contract starts immediately and will be completed in January 2012.

The contract parties are Aker Solutions' subsidiary Aker Offshore Partner AS and Royal Dutch Shell.

ENDS

For further information, please contact:

Media:

Jannik Lindbæk jr., 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 the relevant BA Global Sourcing Champion.

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 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.

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