Aker Solutions wins basic engineering contract for Hild field

29 September 2011 - Aker Solutions has won a contract to conduct the basic engineering for the development of Total's Hild field in the Norwegian North Sea. The contract value is about NOK 215 million.

Aker Solutions' scope of work includes engineering for several building blocks, including topside, jacket, an FSO (floating storage and offloading), turret and mooring, SURF (subsea umbilicals, risers, pipelines and flowlines) and transportation and installation. The work will be completed in the summer of 2012. Basic engineering work covers a greater level of detail than a normal FEED (Front-end, engineering and design) study for field developments.

The topside engineering will be done from Aker Solutions' head offices in Oslo, Norway, while the turret and mooring work will be conducted in Kristiansand, Norway. Aker Solutions has previously completed a pre-project/pre-basic engineering study for the field. The contract party for Aker Solutions is Aker Engineering & Technology AS.

Hild
Hild is an oil and gas field located in the North Sea, about 160 km offshore and 42 km west of the Oseberg field. The water depth is 100-120 metres. The licence owners include the operator TOTAL E&P NORGE AS (which owns 49%), Statoil (21%) and Petoro (30%).

For further information, please contact:

Media:
Ivar Simensen, VP Communications, Aker Solutions. Tel: +47 67 59 41 90, Mob: +47 46 40 23 17

Investor relations:
Astrid Thomessen Sæbø, VP Investor Relations, Aker Solutions. Tel: +47 22 94 63 37, Mob: +47 48170035

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 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 35 billion and employs approximately 17 000 people in about 30 countries.

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

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