Aker Solutions secures contracts for mooring and loading system

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22 November 2010 - Aker Solutions has won two contracts for the supply of mooring and loading systems in Brazil. The contracts have a combined value of approximately NOK 210 million.

"The contracts are strategically important for Aker Solutions based on the potential for future business in Brazil. Aker Solutions is targeting the Brazilian market with a wide range of offshore technologies and is expanding the local lifecycle service organisation in parallel with making new sales," says Leif Haukom, president of Aker Solutions' mooring and loading systems business.

Pusnes mooring equipment(TM)

Offshore mooring contract

The first contract is with Petrobras and consists of movable Pusnes chain jack mooring systems(TM) and hull-mounted Pusnes fairleads(TM) for the spread-moored FPSOs P58 and P62. The units will produce oil at the Norte do Parque das Baleias and Roncador fields, respectively, and the FPSOs will be moored in water depths between 1400m and 1600m.

The main task of the chain jack system is to pull the mooring chain through the fairleads to the main deck of the FPSO's and perform top tensioning of the mooring lines. The top chain is then secured to the deck using chain stoppers.

Delivery of the mooring system to P58 and P62 will take place in 2011.

Pusnes loading systems(TM)

Offloading contract

The second contract is for an FPSO to Petrobras for operating in the Tiro and Sidon fields offshore Brazil.

This is a spread-moored FPSO and will use the field-proven Pusnes offloading system(TM) at both aft and bow. These two offloading systems include both tanker mooring and crude oil transfer components. Crude oil from the FPSO will be loaded on to dedicated dynamic-positioned shuttle tankers.

The Pusnes offloading system(TM) is recognised by the industry for establishing an environmentally responsible, safe and secure connection from an FPSO via a crude oil hose to a dynamic-positioned shuttle tanker. In the event of an emergency, the oil flow can be stopped quickly and the vessels disconnected rapidly and safely.

Delivery of these offshore loading systems will take place in 2011.

Pusnes bow loading systems(TM)

"Aker Solutions' loading systems have attained a unique position in Brazil. We have recently signed newbuilding contracts at Samsung for seven Pusnes bow loading systems(TM) for various clients, and will within 2012 have 25 systems in operation in Brazilian waters," says Haukom.

The contract party for both contracts is Aker Pusnes AS.

ENDS

For further information, please contact:


Media:

Ivar Simensen, Vice President Communications, Aker Solutions. Tel: +47 67594190, Mob: +47 46 40 23 17

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Career opportunities:
Visit http://www.akersolutions.com/Internet/CareerCentre

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com

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