Aker Solutions signs service contract with Petrobras

30 March 2010 - Aker Solutions has signed a three-year contract with Petrobras for maintenance of subsea control systems supplied to the Brazilian national oil company. The contract value is BRL 30 million (NOK 100 million).

The contract will be managed from Aker Solutions' service base in Rio das Ostras, through a specialised Brazilian team.

Scope of work comprises maintenance, supply of parts and offshore operations on control systems already installed, and on their respective tests and installation tools, which are held onshore. The contract also covers maintenance of equipment installed on platforms, including the HPU (hydraulic power unit) and EPU (electrical power unit).

The contract also allows new equipment to be included within the maintenance scope of work as subsequent deliveries are being made, such as the manifolds for the Albacora field and the Tupi subsea trees, which are all equipped with control systems.

"This contract reflects our intention to establish partnerships throughout the subsea equipment lifecycle, from engineering and manufacturing through to life-of-field maintenance," says Marcelo Taulois, president of Aker Solutions' subsea business area in Brazil. 

"Through significant investments in our modern Rio das Ostras subsea service base, we are well prepared to meet the growing demand for maintenance services in Brazil," concludes Taulois.

Aker Solutions' contract party is Aker Solutions do Brasil Ltda.

ENDS

For further information, please contact:

Media:

Endre Johansen, VP Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 416 10 605, e-mail: endre.johansen@akersolutions.com 

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 contact BA Global Sourcing Champion, telephone number found here: http://www.akersolutions.com/Internet/SuppliersCentre/Contacts/SupplyManagementContacts.htm.

Career opportunities:
Visit http://www.akersolutions.com/careers

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 54 billion and employs approximately 22 000 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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