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Aker Solutions and Statoil cancel Cat B contract

24 June 2013 - Aker Solutions ASA and Statoil ASA have cancelled a contract for delivery of a semi-submersible rig capable of year-round well-intervention services on the Norwegian continental shelf. The companies in April 2012 agreed Aker Solutions would build the so-called Category B (Cat B) rig and use it to provide Statoil with a range of well-intervention and drilling services for an initial eight years, starting in 2015. The technology development needed to build the rig has since proven to be considerably more demanding than initially anticipated and the parties on 24 June

Aker Solutions awarded frame agreement with Petrobras

27th March 2013 - Aker Solutions has entered a frame agreement with Petrobras to provide subsea equipment for the oil company's deepwater pre-salt field developments in Brazil. The contract value is approximately NOK 4.6 billion (USD 800 million). The scope of work is for 60 well-sets with vertical subsea trees, subsea control systems, tools and spares within the 2014-2018 period. "Aker Solutions is honoured to work with one of the world's leading deepwater operators. This long-term agreement confirms our partnership with Petrobras and reflects our dedication to the Brazilian market,"

Aker Solutions receives second call-off from Petrobras

27th March 2013 - Aker Solutions has received a second call-off order from Petrobras for the delivery of subsea equipment for the Sapinhoá and Lula Nordeste pre-salt field developments in Brazil. The contract is a call-off from a frame agreement signed in April 2010. The contract value is undisclosed. Scope of work includes 20 well-sets with vertical subsea trees, subsea control systems, tools and spares within the 2013-2015 period. The contract is a call-off from a frame agreement signed in April 2010, when Petrobras ordered subsea production equipment for the Sapinhoá and Lula

Aker Solutions acquires Enovate

29 January 2013 - Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Limited - a leading technology company within subsea well control equipment. The financial details of the acquisition are undisclosed. Enovate, which currently employs 62 people, has developed a wide range of unique and patented components and products for use in open water workover systems, in riser workover systems, rigless intervention systems and drilling safety systems. Specific advantages are superior cutting and sealing capabilities and the unique use of complete metal-to-

Brazil job for Aker Wayfarer

[Brazil job for Aker Wayfarer]11 January 2013 - Aker Solutions subsidiary Aker Oilfield Services has signed a contract to provide subsea construction services offshore Brazil. Contract value is undisclosed. An undisclosed customer will utilise Aker Oilfield Services' subsea construction vessel Aker Wayfarer for a period of 230 days. Start-up of operations is likely to be in May/June 2013, with mobilisation and de-mobilisation taking place in north-east UK. Aker Wayfarer has previously been on a year-long campaign offshore Brazil during 2011 and 2012. "To secure another long-term

Aker Solutions sells remaining ownership in Lewek Connector

11 October 2012 - AMC Connector AS, a joint venture between Aker Solutions and Emas Offshore Limited, has agreed to sell subsea construction and cable-lay vessel Lewek Connector (previously called AMC Connector) to Ocean Yield AS. In October 2010, Aker Solutions announced that it would sell its offshore construction and installation subsidiary Aker Marine Contractors to Ezra Holdings Limited (Ezra), which operates in the offshore construction market under the EMAS AMC brand name. As part of this transaction, Ezra agreed to acquire 50 percent of the shares in Lewek Connector's vessel

Deepwater well intervention award for Aker Solutions

25 July 2012 - Aker Solutions' subsidiary Aker Oilfield Services has received a contract from Total E&P Angola for providing subsea intervention services from the oil services company's purpose-built intervention vessel, Skandi Aker. The agreement marks a breakthrough for vessel-based intervention services in deep and ultra-deep waters. The agreement is valid for a period of two (2) years plus options for three further one-year (1+1+1) periods. The firm two-year part of the contract has an aggregated value of approximately USD 250 million. Start-up of operations is planned to take place

Aker Solutions to provide Cat-B well intervention services to Statoil

17 April 2012 - Aker Solutions has entered a long-term agreement with Statoil to provide a full range of heavy well intervention and light drilling services on the Norwegian continental shelf. The contract period is for eight years, with options for three further two-year periods (2+2+2). Contract value for the initial eight-year period is approximately USD 1.9 billion. Work will be performed from a new build Category B well intervention rig, which will be owned and operated by Aker Solutions' subsidiary Aker Oilfield Services. "Aker Oilfield Services was set up five years ago to develop

Proposed Demerger of Aker Solutions; Publication of Information Memorandum

6 April 2011 - In accordance with the strategy previously disclosed, the Board of Directors of Aker Solutions ASA ("Aker Solutions") has resolved to propose to the shareholders of Aker Solutions that Aker Solutions is to be demerged. Through the proposed demerger, Kværner ASA ("Kværner") - a company established for the purposes of the demerger and which will apply for listing of its shares on the Oslo Stock Exchange - will inter alia assume: · Significant parts of the Aker Solutions group's activities within the former ED&S business area, including its activities within the Field

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