27 April 2011 - Aker Construction, Inc., a subsidiary of Aker Solutions, has been awarded a contract for the installation of the new V & M seamless pipe mill in Youngstown, Ohio, US. The contract for supply of materials and installation of the mechanical, electrical and piping for the project commences immediately. Contract value is undisclosed.

"Aker Solutions has exceptional construction experience in the steel industry in North America and we are very pleased with the award of this latest project," said Steve Harker, who heads up Aker Solutions' union construction business in the US .

The project is located adjacent to V & M Star LP's operations in Youngstown, Ohio.  V & M officially broke ground on the new mill in late July, and plans for the new mill to be operational in 2012.  Aker Solutions is currently executing the supply and erection of the pipe mill building necessary to contain the equipment and operations under a separate contract.

V & M Star belongs to Vallourec, a world leader in premium tubular products mainly dedicated to oil and gas applications.  Its operations are based at three sites: Houston, Texas; Muskogee, Oklahoma and the Youngstown facility.

Aker Solutions' contract party is Aker Construction, Inc., which will constitute part of  Kvaerner.

ENDS

 

For further information, please contact:

Media:

Terry Alderson, Manager Communications & Marketing, Aker Construction, Inc. Phone: +1 724-+1 416-6763 Fax: 724-416-6875 , e-mail: terry.alderson@akersolutions.com

Mariken Holter, senior vice president communications, Phone: + 47 917 87 358

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 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 46 billion and employs approximately 20 000 people in about 26 countries.

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

Aker Construction, Inc. and Aker Construction Canada Ltd. are the union construction arm of Aker Solutions, and provide a full range of construction, maintenance and renovation services to the North American industrial sector. Our services are characterised by the highest standards of safety, quality, teamwork, innovation and cooperation, thus enabling us to respond to the needs of our customers and deliver on-time and in-budget performance. Direct hire union construction, maintenance and renovation services are provided to the power, steel, chemical, petro-chemical, and other industrial sectors in North America. In addition, Aker Construction provides construction management and project planning services to the above sectors on an international basis. 

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