19 April - Aker Solutions has received notification that Statoil has exercised options for the engineering, procurement and construction of three subsea work-over systems for use on the Norwegian Continental Shelf. Aker Solutions estimates the contract value of these three extensions to be a total of approximately NOK 1.25 billion.

In February, Statoil awarded Aker Solutions a contract for one workover system to be used on the Vigdis North East development on the Norwegian Continental Shelf. It is options from this contract which have been exercised.

Workover equipment is used on every subsea well, for installing equipment and preparing the well for production. During field life, workover equipment is used during the maintenance of subsea wells to improve oil recovery.

"We are pleased to receive additional awards for our new modularised workover systems. This contract will strengthen Akers Solutions' position as one of the major providers of well access services on the Norwegian continental shelf. Our equipment provides safe and efficient well access for downhole operations, resulting in increased oil recovery," says Mads Andersen, executive vice president of Aker Solutions' subsea business area.

The workover systems project will be managed at Aker Solutions' Tranby Technology and Manufacturing Centre outside Oslo in Norway. The manufacturing of the well control package and riser elements will be completed at Tranby and the workover control module out of Aberdeen.

Aker Solutions' contract party is Aker Subsea AS
ENDS

 

For further information, please contact:

 

Media:

Severin Roald, VP communications, Aker Solutions, +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@akersolutions.com

 

Investor relations:

Astrid Thommesen Sæbø, VP Investor Relations, Aker Solutions. Tel: +47 22 49 63 37, Mob: +47 481 70 035 

 

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 and construction 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 46 billion and employs approximately 20 000 people in about 26 countries.

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.