Brazil job for Aker Wayfarer

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Brazil job for Aker Wayfarer

11 January 2013 - Aker Solutions subsidiary Aker Oilfield Services has signed a contract to provide subsea construction services offshore Brazil. Contract value is undisclosed.

An undisclosed customer will utilise Aker Oilfield Services' subsea construction vessel Aker Wayfarer for a period of 230 days. Start-up of operations is likely to be in May/June 2013, with mobilisation and de-mobilisation taking place in north-east UK.

Aker Wayfarer has previously been on a year-long campaign offshore Brazil during 2011 and 2012.

"To secure another long-term campaign offshore Brazil is a compliment to the capabilities of Aker Wayfarer and her crew. This is an important contract for us in a rapidly growing oil and gas region," says Karl Erik Kjelstad, president of Aker Oilfield Services and head of the Oilfield Services and Marine Assets (OMA) business area in Aker Solutions.

Aker Wayfarer is an ultramodern 157 metres long offshore construction vessel capable of operating in water depths up to 3 000 metres. She comes with two heave compensated cranes of 400 t and 100 t (dual fall) capacity and two integrated heavy duty Work ROV's and survey spread.

"We are delighted to have this exceptional vessel back in operations in Brazilian waters. This order reflects our commitment to this market," says Luis Antonio Araujo, regional president of Aker Solutions in Brazil.

The contract has been signed and booked as order intake in Q4 2012.

ENDS

For further information, please contact:

Media:
Endre Johansen, VP Corporate Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 41 61 06 05, E-mail: endre.johansen@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions ASA. 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 provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 25 000 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 billion. The company is listed on the Oslo Stock Exchange.

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

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