Aker Solutions secures umbilical contract in Australia

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25 April 2012 - Aker Solutions has signed a contract with Woodside Energy Limited for the manufacture and supply of electro-hydraulic steel tube umbilicals (EHU) for the Greater Western Flank (GWF) Phase 1 project on the north-west coast of Australia. Contract value is undisclosed.

Aker Solutions secures umbilical contract in Australia

The scope of work includes project management, design, engineering, manufacturing and verification testing of two steel tube umbilicals at a total length of 17 kilometres. The contract also covers all associated ancillary equipment required for transportation to Australia and interface with the existing development.

"This contract highlights our strong presence for delivering world class products in the Australasian region and strengthens our position as the world's leading producer of steel tube umbilicals," says Tove Røskaft, executive vice president of Aker Solutions' umbilicals business area.

The umbilicals will be manufactured and delivered out of Aker Solutions' facility in Moss, Norway,  supported by project management, design and engineering in Fornebu, Norway.

During the last quarter of 2013, Aker Solutions will open a new state-of-of-the-art umbilicals manufacturing plant in Pekan, Malaysia, to meet the anticipated growth and the needs of their Asia Pacific customers. Aker Solutions has also opened an Asia Pacific umbilicals office in Kuala Lumpur, Malaysia, where the company already has a strong presence. This office will serve clients in the APAC region and is headed by Mr Crawford Tennant who is the former head of Aker Solutions' subsea manufacturing centre in Port Klang, Malaysia.

The broader Greater Western Flank (GWF) area consists of 16 fields located to the south west of the Goodwyn A (GWA) platform on the north-west coast of Australia.

The GWF Phase 1 Project will develop the Goodwyn GH and Tidepole fields, via a subsea tie-back to the existing Goodwyn A platform and represents the next major development for North West Shelf Project partners.

Subsea umbilicals are deployed on the seabed to supply necessary controls and chemicals to subsea oil and gas wells, subsea manifolds and any subsea system requiring a remote control.

Aker Solutions' contract party is Aker Subsea AS. The contract has been signed and booked as order intake in the first quarter of 2012.
 
ENDS

For further information, please contact:

Media:
Severin Roald, VP communications, Aker Solutions. Tel: +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 94 63 37, +47 48170035, E-mail: astrid.thommesen.saebo@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 23 500 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.

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