Scope of work is six subsea trees, with control systems, for the Visund field, and three subsea trees with controls for the Troll field.

Both contracts are call-offs from existing frame agreements between StatoilHydro and Aker Solutions.

"These contracts mark some interesting and enjoyable milestones," says Mads Andersen, executive vice president, Aker Solutions. "The three Troll subsea trees will be number 98, 99 and 100 that we deliver to this giant field development, which we shipped the first subsea tree to in 1999. Troll represents a cornerstone of Norway's offshore oil and gas production and we are proud to still play a part in this."

Aker Solutions has also delivered subsea equipment to the Visund field since 1997. So far the company has delivered 27 subsea trees to Visund and Visund North.

The six new subsea trees for the Visund field will be equipped with Aker Solutions' most advanced subsea technology, which enables oil and gas production from so-called intelligent wells. In addition to higher oil and gas recovery, the technology provides more reservoir data and contributes towards increased production and regularity. One subsea tree with this latest technology has been operational at Visund for more than a year.    

"In sum, this technology adds real economic value to the oil companies. We are very pleased to again get the opportunity to work with StatoilHydro," adds Andersen.

Subsea trees will be manufactured at Aker Solutions' facility in Tranby, Norway, and subsea controls in Aberdeen, UK. Final deliveries will be made Q1 2011.

Visund is an oil and gas field located 22 kilometres north-east of the Gullfaks field in the Tampen area of the Norwegian North Sea. The field came on stream in the spring of 1999. Visund North is a separate subsea development about 10 kilometres from the platform.

The Troll field lies in the northern part of the North Sea, around 65 kilometres west of Kollsnes, near Bergen. The field contains 60 per cent of total gas reserves on the Norwegian continental shelf and is also one of the largest oil fields on the continental shelf.

Contract party in Aker Solutions 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.