Scope of work comprises engineering, procurement and construction (EPC) of a complete subsea production system. Subsea hardware deliveries include eight overtrawlable four-slot subsea templates with manifolds, 24 subsea trees, subsea control systems, 20 kilometres of steel tube umbilicals, work-over equipment and a tie-in and connection system.

"We have a strategy of being the preferred partner for oil companies' field developments in deep waters and harsh climates. The Goliat subsea contract confirms a confidence in our technology, solutions and capability to deliver," says Simen Lieungh, President and CEO of Aker Solutions.

Aker Solutions will utilise large parts of its Norwegian manufacturing network to deliver the subsea equipment to Goliat. Subsea trees will be manufactured at Aker Solutions' facility at Tranby, steel tube umbilicals in Moss, while templates and manifolds will come from the company's Egersund yard. Subsea control systems will be manufactured in Aberdeen. The project will be managed from Aker Solutions' head office at Fornebu, Norway.

"This is one of the major subsea projects that will be awarded in 2009, and it has been a key target for us. It will give us a higher degree of predictability for our manufacturing and support facilities in Norway, and also involve a significant contribution to boosting the offshore support related activity locally in the Hammerfest region," says Mads Andersen, executive vice president of Aker Solutions' subsea business area.

"Although Goliat in many ways will be a reference project for field developments in the Barents Sea, it is important to stress that the technologies we will be using have already been field proven elsewhere and are specifically selected for this environmentally sensitive area. We will execute this project fully in line with demanding environmental standards," adds Andersen.

Deliveries of the subsea equipment will start in 2011 and run through 2013.

The Goliat field is an oil and gas field located in the Barents Sea, approximately 85 kilometres north-west of Hammerfest.

Aker Solutions' contract party is Aker Subsea AS.  

For further information, please contact:

Endre Johansen, VP Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 416 10 605, e-mail: 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 contact BA Global Sourcing Champion, telephone number found here: http://www.akersolutions.com/Internet/SuppliersCentre/Contacts/SupplyManagementContacts.htm.

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 23 000 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.