Aker Solutions secures contracts for offshore loading systems

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18 December 2008 - Aker Solutions has been awarded several contracts for the supply of offshore loading systems and deck machinery. The total contract value for Aker Solutions is approximately NOK 70 million.
 
The contract awards are from Teekay Corporation, Cosco Nantong Shipyard Co., Ltd. and Hyundai Heavy Industries Co., Ltd. for the supply of offshore loading systems. The Cosco contracts consist of bow loading systems and deck machinery for two shuttle tankers being built for Knutsen OAS Shipping. The contract with Hyundai is for an offloading system for the Usan Floating Production and Storage Offloading Unit (FPSO).
 
 
The offloading system to be delivered by Aker Solutions is a configuration of mooring and offloading equipment at the stern/bow of the FSO/FPSO which allows for offshore transfer of crude oil from the FSO/FPSO to a tanker. The system can operate at rates up to 10 000 m3/hr. Aker Solutions developed the offloading system in the 1980s and it has evolved to become the most reliable and trusted system available. The Usan FPSO will be located offshore Nigeria and operated by Elf Petroleum Nigeria Ltd.


Delivery of the offshore loading systems will take place within Q3 2009 with the exception of the second bow loading system to Cosco which will take place Q2 2010.


The contract party is Aker Solutions' subsidiary Aker Pusnes AS.


ENDS


A picture is attached below.
Caption: Aker Solutions bow loading systems onboard Knutsen OAS shuttle tankers, operating outside Newfoundland and Labrador, Canada.
Foto: Aker Solutions


For further information, please contact:

Media:
Siw Anett Enerud, communications manager, Aker Solutions. Tel: +47 22 94 71 92, Mob: +47 95193415, email: siw.anett.enerud@akersolutions.com


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




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 26 000 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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