Aker Solutions awarded frame agreement with ExxonMobil
27 June 2012 - Aker Solutions has been awarded a frame agreement by ExxonMobil Exploration and Production Norway AS. Contract value is undisclosed.
The frame agreement covers engineering, procurement, construction and installation for ExxonMobil's operated assets on the Norwegian continental shelf. The fixed contract duration is five years from 2012 to 2017, with options for two additional five year periods. The frame agreement will be managed from Stavanger.
"We are very proud to be chosen by ExxonMobil to undertake this work on the Norwegian continental shelf," says Tore Sjursen, head of maintenance, modifications and operations in Aker Solutions.
"This agreement ensures a great deal of predictability for Aker Solutions," Sjursen adds.
Aker Solutions' maintenance and modification work for ExxonMobil spans more than a decade. The first contract between the parties was signed in 1998, and cooperation has continued since then.
The agreement will cover Balder, Jotun A, Jotun B and Ringhorne assets operated by ExxonMobil on the Norwegian continental shelf.
Contract parties are Aker Solutions' subsidiary Aker Solutions MMO AS and ExxonMobil Exploration and Production Norway AS.
ENDS
For further information, please contact:
Media:
Magnus Godiksen, Communications advisor, Aker Solutions. Tel: +47 51 85 29 17, Mob: +47 46 40 22 30, E-mail: magnus.godiksen@akersolutions.com
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail: lasse.torkildsen@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 25 000 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.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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