Aker Solutions to provide geology services for Lundin Petroleum

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17 February 2009 - Aker Solutions' geo business has signed a contract to provide operations and wellsite geology services to Swedish independent oil company Lundin Petroleum. The agreement is valid for three years. Contract value is undisclosed.
 
 "We are experiencing a high level of interests for our operations and wellsite geology services. I am pleased to see that our competence is being noticed by Lundin, who has become a significant player on the Norwegian continental shelf," says Erik Sverre Jenssen, president of Aker Solutions' sub-surface consultancy Aker Geo AS.


"We are engaged in a number of similar long-term contracts and are currently employing 25 operations and wellsite geologists. This latest contract with Lundin reinforces our position as Norway's largest service provider of wellsite geology services," adds Jenssen.


Aker Solutions' sub-surface consultancy Aker Geo AS delivers services through the whole subsurface value chain, from exploration to production. The unit comprises a team of 60 geologists, geophysicists and reservoir engineers. Its main fields of activity are geological and geophysical interpretation, petrophysics, reservoir modelling and simulation, wellsite geology as well as production technology and operations.


ENDS
 
 
For further information, please contact:
 
Media:
Endre Johansen, communications manager, 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.
 


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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