Aker Solutions wins oil separation contract in Brazil

19 November 2010 - Aker Solutions has signed a contract to design, build and supply heavy oil separation equipment to an FPSO vessel operated by OSX, an EBX group company, in Brazil. The contract value is approximately NOK 40 million.

 "This is a major breakthrough for our in-house heavy oil compact technology. We believe we are well positioned to win more contracts for further FPSO conversions in the Brazilian market," says Børre Sveen, president of Aker Solutions' process systems business in Norway.

The purpose of the EPC (engineering, procurement and construction) contract is to offer new equipment to the existing process facilities, in order to convert the current light oil process system to heavy oil production on board the OSX-1 FPSO, which will operate for OGX, the oil company operating on the Waimea field offshore Brazil.

The contract scope includes design, procurement, fabrication and delivery of the following items:

·          New degasser and compact electrostatic coalescer (CEC) mounted on a common skid with interconnecting piping
·          Design modifications to existing second stage separator and delivery of new internals
·          New third stage electrostatic 3D coalescer with internals

The work will be performed by Aker Solutions' process systems divisions in Norway, Canada and Scotland.

Fabrication of vessels and skid will be done in Singapore. The delivery is expected in April 2011.

The conversion of the FPSO and the client project administration is performed by BWO in Singapore on behalf of OSX with delivery from the shipyard scheduled for May 2011.

OSX is an oil service company and integrates activities in the sectors of shipyard, chartering, operation and maintenance of offshore units.

ENDS

For further information, please contact:

Media:

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

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 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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