Industry award to Aker Solutions' MPO unit

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7 May 2013 - Aker Solutions' subsidiary Managed Pressure Operations yesterday won a prize for its riser safety system at the Offshore Technology Conference in Houston.

Aker Solutions and MPO were awarded the Woelfel Best Mechanical Engineering Achievement Award for a Riser Safety System

The Aker Solutions unit won the Woelfel Best Mechanical Engineering Achievement Award for its Riser Safety System (RSS).

The award recognizes products, devices or systems that reflect innovation or practical use of mechanical engineering in solving problems, improving design or maximizing performance, according to the ASME International Petroleum Technology Institute that hands out the award.

The Riser Safety System is designed to assist in control of wellbore fluids while undertaking oil and gas drilling offshore. The system is built to detect an influx of gas into a drilling riser and divert the gas to prevent a blowout.

To do this, an annular blowout preventer is integrated with the drilling riser. On detection of an influx of gas into the riser, the BOP can be shut in 5 seconds, and the wellbore fluids and expanding gasses diverted to a mud and gas separator. The drilling fluid can be returned to the rig systems, and the gas safely vented, with no environmental impact or risk to the vessel. Aker Solutions delivers the complete subsea system and surface equipment.

Achievement
"The award is a major achievement for our company and all our dedicated employees," said Charles Orbell, head of MPO, which is part of Aker Solutions' drilling technologies business.

The award is handed out by the ASME International Petroleum Technology Institute. ASME was founded in 1880 as the American Society of Mechanical Engineer and is today a global organisation dedicated to promoting the art, science, and practice of mechanical engineering.

The Woelfel award recognizes products, devices or systems that reflect innovation and/or practical use of mechanical engineering in solving problems, improving design or maximizing performance. Aker Solutions also won the award in 2011 for its vertical connection system for subsea installations.

ENDS

For further information, please contact:

Media:
Ivar Simensen, Vice President Communications, Aker Solutions. Tel: +47 46 40 23 17, E-mail: ivar.simensen@akersolutions.com

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 28 000 people in more than 30 countries. We apply the knowledge and create and use technologies that deliver our 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 2012 Aker Solutions had aggregated annual revenues of approximately NOK 45 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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