Aker Solutions won Eldfisk EPC contract

18 March 2011 - Aker Solutions has signed an EPC contract with ConocoPhillips to deliver the topside and bridges of the production platform for the Eldfisk 2/7 S, in the North Sea. The contract value is approximately NOK 5,5 billion. The contract award is subject to Norwegian authorities' approval of the plan for development and operation (PDO).

The topside consists of one combined living quarter and utility module and a combined process and wellhead module, with a total weight of 15500 tons. In addition, the contract includes the fabrication of two bridges, one bridge  support modules and a flare.

Aker Solutions will begin the detail engineering instantly, while fabrication is expected to commence early 2012. The topside will be delivered from Aker Solutions yard at Stord early 2014.

Options for execution of offshore hook-up and commissioning assistance are included in the contract.

Eldfisk is one of the two biggest fields in the Greater Ekofisk Area and have been in production since 1979. The field is located in the southern part of the North Sea, about 300 kilometres from the shore.

The contract party is the Aker Solutions subsidiary Aker Stord AS.

ENDS

For further information, please contact:

Media:

Mariken Holter, Vice President Communications, Aker Solutions. Tel: +47 67 52 74 35, Mob: +47 91787358

Odd Naustdal, Information manager, Aker Solutions. +47 905 76 079

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 upstream 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 50 billion and employs approximately 19 500 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.

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