31 May 2011 - Aker Solutions has been selected to supply three subsea production control umbilicals for the Chevron operated Jack & St. Malo field developments in the Gulf of Mexico. Contract value is undisclosed.

The production control umbilicals will provide hydraulic, electrical and fiber optic service to the Jack and St. Malo subsea fields. Scope of work includes three electro-hydraulic steel tube production umbilicals totalling 40 miles (65 kilometres). Engineering, project management, and manufacturing will take place at Aker Solutions' state-of-the-art umbilical facility in Mobile, Alabama. The three umbilicals will be used at Chevron's Jack & St. Malo field, located in the Walker Ridge Area of the Gulf of Mexico in water depths of approximately 7,000 feet (2,100 metres).

"Aker Solutions is excited to see Chevron come back to us with a repeat order and is proud to contribute to this very important project for Chevron and for the Gulf of Mexico region," said Erik Wiik, President - Subsea North America, Aker Solutions.

Opened in 2003, Aker Solutions' umbilical manufacturing facility in Mobile is strategically located to serve the Gulf of Mexico and global markets. The facility, with its high capacity horizontal cabler, is specially designed to meet the challenges of demanding deepwater applications.

Aker Solutions is the market leader within steel tube umbilicals. This position has been backed by a strong focus on health, safety and the environment (HSE) which has been exemplified through reaching an important milestone of five years without a lost time injury (LTI) at both production sites in Moss, Norway, and in Mobile, Alabama.

Over the past 15 years Aker Solutions has delivered more than 400 umbilicals to some of the world's most challenging fields, from harsh environment to ultra-deep, high-pressure water conditions.

Aker Solutions' contract party is Aker Subsea Inc.
ENDS

 

For further information, please contact:

 

Media:

Severin Roald, VP communications, Aker Solutions, +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@akersolutions.com

 

Investor relations:

Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, +47 911 37 194

 

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 ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry. 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 47 billion and employs approximately 20 000 people in about 26 countries. These figures include Aker Solutions' wholly owned subsidiary Kvaerner, which will be de-merged and listed on the Oslo Stock Exchange in July 2011.

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.