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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 to deliver MEG process plant to Ichthys LNG Project

17 July 2012 - Aker Solutions has been awarded a contract by Technip to supply a Mono Ethylene Glycol (MEG) reclamation plant for the Ichthys LNG Project in Australia. The contract value is approximately NOK 485 million. The scope of work includes system engineering and supply of key equipment for the MEG plant and may include some further options. The equipment deliveries will be in 2013 and 2014. "This contract confirms Aker Solutions' position as the world market leader for MEG reclamation technology. We are very pleased to be involved in the Ichthys LNG Project, and proud to

Aker Solutions targets Middle East and North Africa markets through acquisition of NPS Energy

21 May 2012 - Aker Solutions has agreed to acquire NPS Energy, which is part of oilfield services company National Petroleum Services. NPS Energy has a strong presence in the Middle East and North Africa, which combined hold approximately 60 per cent of the world's proven oil and gas reserves. "After the divestment of our non-oil and gas related business in 2010 and the demerger from the EPC contractor Kvaerner in 2011, this is our next major step in the transformation of Aker Solutions into a leading and global oilfield products, systems and services company", says Øyvind Eriksen,

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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