13 November 2009 - ExxonMobil has decided to extend the maintenance and modification contract with Aker Solutions, releasing a new option on an existing agreement. Work under the new option will last until December 2011. Aker Solutions estimates the contract value to be approximately NOK 300 -400 million.

The original maintenance and modification contract with ExxonMobil was signed in December 1998. The contract had a duration of three years, and included seven options of two years each. This is the fifth option that ExxonMobil has exercised under this contract. Aker Solutions has carried out several large modifications for ExxonMobil over the last decade, including services on the production vessels Balder and Jotun A, as well as the platforms Jotun B and Ringhorne.

"We are proud that ExxonMobil again has shown their trust in our services. This enables us to continue executing EPCI projects and providing support to all of ExxonMobil's offshore assets in the Norwegian North Sea. We are now heading into very interesting phases, including preparation for the 2010 shutdown and the field life extension plans for Balder", says Stian Vemmestad, President of Maintenance, Modifications and Operations in Aker Solutions.

Aker Solutions scope of work for ExxonMobil typically involves engineering design studies, engineering, procurement, construction and installation (EPCI) contracts as well as support to the client's offshore organisation.

Work under the contract is ongoing. This fifth option phase will start 18 Decemeber 2009 and last until 17 December 2011.

The contract parties are Aker Solutions' subsidiary Aker Offshore Partner AS and ExxonMobil  Exploration and Production Norway AS.

For further information, please contact:

Mariken Holter, VP Communications, Aker Solutions. Tel: +47 67 52 74 35, Mob: +47 917 87 358

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 contact the relevant BA Global Sourcing Champion.

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 58 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.