Aker Solutions awarded Mongstad contract extension with Statoil
12 October 2011 - Statoil has exercised an option of a three year extension of the minor modifications frame agreement contract with Aker Solutions at the Mongstad refinery, located on Norway's west coast. Aker Solutions estimates the contract value to be approximately NOK 360 million.
The original frame agreement at the Mongstad refinery commenced in January 2006 and lasts until the end of 2011.
Scope of work includes studies and execution of modifications to increase operational stability, capacity and longevity. A total of 100 people at Aker Solutions' office in Bergen will work on the Mongstad contract.
"We are very pleased that Statoil has renewed their trust in Aker Solutions. The Mongstad contract enables further growth for our Bergen office," says executive vice president for maintenance, modifications and operations, Tore Sjursen.
Contract parties are Aker Solutions subsidiary Aker Solutions MMO AS and Statoil ASA.
ENDS
For further information, please contact:
Media:
Cathrine Gjertsen, communications advisor, Aker Solutions. Tel: +47 51 85 25 30, Mob: +47 99 49 25 37
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 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 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 35 billion and employs approximately 18 000 people in about 30 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.
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