The partnership will also enable Aker Solutions to further expand its current engineering, procurement and construction (EPC) business by working with Sheikh Bugshan the owner of ACEC to form a separate joint venture for the execution of In-Kingdom EPC projects. This is an important step towards positioning Aker Solutions for the Saudi Aramco initiative for the execution of small to medium EPC projects In-Kingdom. 

The signing ceremony took place in the ACEC offices in Al-Khobar city. The Aker Solutions team was led by Johan Cnossen, president of Aker Solutions' Process business unit, accompanied by Henk Dolman, general manager of Aker Process Gulf Co Ltd and Mohammed Sammur, who has been seconded from Aker Solutions to become the new managing director of ACEC.  The ACEC management team was led by Sheikh Bugshan, accompanied by Mohammed Al-Sofi and Haroun Al-Sofi. 

ENDS

Media:

UK: Vanessa Mourant, Communications Manager, Aker Solutions. Tel: +44 (0) 207 339 1064, Mob: +44 (0)7771 806566

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, please contact:  Rodger Liang, VP Supply Management, Process & Construction, Aker Solutions, Tel:  +86 10 640 966 36

 

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

 

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 23 000 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.  

Aker Solutions' Process and Construction business area is a world leader in the project management, design and construction of major projects spanning refining, petrochemical processing, liquefied natural gas (LNG), metals and mining, power generation, nuclear clean-up, and acid plants.  From initial concept through technology development, process technology application, design, procurement, construction, commissioning, operations, maintenance, modification and decommissioning, we provide our customers with the full life cycle of services.  Process and Construction provides sound local expertise, combined with the depth and strength of global project operations.

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