23 March 2011 - Aker Solutions has been awarded a contract by ConocoPhillips, for modification work on the Eldfisk field. Contract value is approximately NOK 1, 3 billion.

The work scope comprises modifications of all the existing platforms; Eldfisk 2/7 A, Eldfisk 2/7 FTP, Eldfisk 2/7 B and Embla, as a consequence of installation of the new Eldfisk 2/7 S platform. The purpose of the modification work is to extend the life of Eldfisk.

Work starts immediately, with completion scheduled for May 2015. The project will be managed from Aker Solutions' offices in Stavanger, Norway. It will have a top manning level of 400 - 500 employees.

Aker Solutions has previously carried out the front-end engineering design (FEED) for Eldfisk II.

Contract partners are ConocoPhillips Skandinavia AS and Aker Offshore Partner AS.

ENDS

For further information, please contact:

Media:

Endre Johansen, VP Communications, Aker Solutions. Tel: +47 41 61 06 05, E: endre.johansen@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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.