Control umbilicals contract awarded by Statoil

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23 March 2011 - Aker Solutions has signed a contract with Statoil to supply control umbilicals to the Norne field located in the Northern part of the North Sea. The contract value is approximately NOK 200 million.

The scope of work for the Fossekall-Dompap project includes a control umbilical system with a total of 26 kilometres of dynamic and static sections. The control umbilicals provide hydraulic, electrical and fibre optic functions for three planned four-slot templates and have a 2.5 inch MEG line (mono ethylene glycol) for hydrate prevention and inhibition during shutdowns.

The Norne field is located 200 kilometres west from Sandessjøen in a water depth of 380 metres and occupies blocks 6608/10 and 6608/11. The field has been developed with a production and storage off-loading ship tied to subsea templates.

"This contract signifies our leading position in the control umbilicals market. We are delighted to be awarded this fast track project from Statoil in the North Sea" says Tove Røskaft, senior vice president of Aker Solutions' umbilical business.

Engineering of the control umbilicals will be managed out of Aker Solutions' facility in Oslo, Norway and control umbilicals will be manufactured at Aker Solutions' facility in Moss, Norway. Final deliveries will be made in Q2 2012.

Aker Solutions holds a market share of more than 50% within steel tube umbilicals. This position has been backed by a strong focus on health, safety and the environment (HSE) which has been exemplified through reaching an important milestone of five years without a lost time injury (LTI) at both production sites in Moss, Norway, and in Mobile, Alabama.

Aker Solutions' contract party is Aker Subsea AS.

ENDS

For further information, please contact:

Media:
Severin Roald, VP communications, Aker Solutions, +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@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 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.

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