Aker Solutions wins major contract for two FPSOs in Brazil

8 March 2010 - Aker Solutions has signed a major contract with Petrobras to supply sulphate removal units for two FPSOs (Floating Production Storage and Offloading) platforms which will operate offshore Brazil. Contract value is USD 41 million.

The scope of work comprises the supply of two sulphate removal systems (SRUs) with associated equipments. The SRU systems will be installed on the topsides of the P-58 and P-62 FPSOs.

The sulphate removal technology provided by Aker Solutions delivers treated and de-sulphated seawater for injection into the hydrocarbon reservoir to maintain the pressure and control scaling and souring effects in the reservoir. High quality injection water devoid of sulphate and particles provides cost savings and improves the safety aspect in the handling of well streams.

"The Brazilian market is fast growing and there is a huge potential for the type of solutions we can offer through our highly experienced team," says Ronaldo Ribeiro, President of Aker Solutions' process systems business  in Brazil. Aker Solutions has deep roots in Brazil and gained significant experience over the years through previous deliveries of several similar projects using both local and international execution. "This contract reflects the diversity of products and services Aker Solutions offers in Brazil to meet a wide range of clients' needs in the country," concludes Ronaldo.

The contract will be executed by Aker Solutions´ team based in Rio de Janeiro who will further develop the conceptual design and oversee the project all the way through delivery. Detailed engineering, procurement, fabrication of major equipment, commissioning and start-up are included in the contract.

"Aker Solutions is committed to implementing a considerable level of Brazilian content in the execution of this contract," says Børre Sveen, President of Process Systems in Norway. "With this contract we are able to capitalize on our expertise in SRU technology through our local engineering and life cycle service team in Brazil," states Borre.

The FPSO P-58 shall produce 180 000 barrels of oil per day and will operate in the North part of Parque das Baleias field. P-62 has equal capacity and will operate in module 4 of the Roncador field, both located in the Campos' Basin offshore Brazil. First oil is scheduled for 2014.

The contract party within Aker Solutions is Aker Solutions do Brasil Ltda. The project will be overseen by the Aker Solutions' process systems business, a recognized world leader in providing a complete range of upstream process products, technologies and life cycle services.

ENDS

For further information, please contact:

Media:
Ivar Simensen, VP Communications, Aker Solutions. e-mail: mailto:Ivar.simensen@akersolutions.com, Tel: +47 91630066
Fernanda Bacelar, communications manager, Aker Solutions (Brazil). Tel: +55 41 3227 8466, Mob: +55 41 9948 5599, E-mail: fernanda.bacelar@akersolutions.com
Ronaldo Ribeiro, President, Process Systems (Brazil). Tel: +55 21 2122 4432, Mob: +55 21 8131 2025, E-mail: ronaldo.ribeiro@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.

Career opportunities:
Visit http://www.akersolutions.com/careers

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 54 billion and employs approximately 22 000 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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