"We are extremely pleased to be awarded these four contracts with major clients. This proves our capability to deliver our well proven process systems in a booming market," says Per Harald Kongelf, President for Aker Solutions' process systems business.

Two of the contracts have been signed with Mitsui Ocean Development & Engineering Co., Ltd (MODEC) for delivery of process modules to an FPSO.  It is an EPC contract of the Aker Solutions Sulphate Removal Unit (SRU) and a Mono Ethylene Glycol (MEG) reclamation unit. These contracts are a breakthrough for our MEG technology in the FPSO market and they also strengthen the relationship between MODEC and Aker Solutions. Deliveries are scheduled to first half of 2009.

Aker Solutions has also signed a contract with Woodside for delivery of MEG reclamation system to Woodsides Pluto project. Pluto is an offshore gas field in North-Western Australia with an onshore Liquified Natural Gas (LNG) plant. The key proprietary equipment will be delivered in autumn 2008 with a gas production start scheduled to begin in the first quarter of 2010.

In addition, Aker Solutions will deliver crude oil dehydration system to OAO Globalstroy, a leading Russian construction company. Globalstroy is working under an EPC contract with the largest Russian crude producer, Lukoil. This will be the third contract signed with Lukoil to date and the most significant. As a specialist in heavy oil processing, Aker Solutions  regards Russia and Kazakhstan strategic markets for the provision of our equipment and services. The company continues to pursue numerous other prospects with key customers in these markets.

The work will be undertaken by the Aker Solutions subsidiary, Aker Process Systems. These contracts were booked as order intake in first quarter 2008.

ENDS

Media:
Siw Anett Enerud, Communications manager, Aker Solutions. Tel: +47 22 9 71 92 , Mob: +47 95193415 

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 Supply manager, Fredrik Kirsebom, Aker Process Systems AS,. Tel: +47 67 83 77 00

Career opportunities:
Visit http://www.akersolutions.com/Internet/CareerCentre

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 24 000 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.