Aker Solutions to deliver seventh drilling equipment package to Jurong in Brazil

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Aker Solutions has won a contract to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market. The contract value is undisclosed.

On 25 August 2012 Aker Solutions announced a contract to supply six drilling equipment packages to Jurong Shipyard. The contract included an option for an additional drilling package, which the customer now has exercised. The contract includes complete topside and subsea equipment (drilling riser and blow-out preventer).

The equipment will be delivered from Aker Solutions in Norway, Germany and Brazil. Aker Solutions is building a new $100m service and manufacturing facility in Macaé, Brazil's offshore capital, in order to meet expected growth.

The drilling unit will be the second of seven vessels to be delivered by Jurong. The contract includes project management, engineering, topside equipment, subsea package including Aker Solutions' Clip riser, and commissioning of the rigs at Jurong's yard in Brazil.

"We look forward to continuing the good, long-term collaboration with Jurong Shipyard and the drilling contractors on this project," says Thor Arne Håverstad, head of Aker Solutions' drilling technologies business.

Brazil
Between 20 and 50 per cent of the deliveries will be sourced and produced in Brazil, where Aker Solutions has had a strong presence since the 1990s. Today, more than 35 drilling units operate in Brazilian waters, using drilling equipment from Aker Solutions. The company also delivers subsea equipment, process systems and subsea intervention services locally to offshore operators in Brazil.

The new 335 000 m2 drilling equipment site in Macaé will be Aker Solutions' fourth facility in Brazil, in addition to sites in Rio das Ostras, Curitiba and Rio de Janeiro.

Aker Solutions offers complete drilling equipment packages, including project management, engineering, procurement and commissioning. The company provides the full range of topside drilling equipment and systems, and worldwide customer support through a global drilling lifecycle services organisation.

ENDS

For further information, please contact:

Media:
Ivar Simensen, Vice President Communications, Aker Solutions. Mob: + 47 46 40 23 17, E-mail: ivar.simensen@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail: lasse.torkildsen@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 25 000 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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