Aker Solutions ASA: Aker Solutions wins another umbilicals contract for Azule Energy in Angola

August 03, 2023 - Aker Solutions has been awarded a sizeable¹ contract from Azule Energy to provide subsea umbilicals for the Ndungu project in Angola.

The contract includes delivery of eight infield umbilicals including spares totalling over 25 kilometers in length.  Project execution, engineering, and manufacturing will take place at the Aker Solutions facility in Fornebu and Moss, Norway. The work will begin immediately, and delivery is planned for the fourth quarter of 2024.

The Ndungu field is part of Azule Energy Agogo Integrated West Hub project in Block 15/06 in Angola, where Aker Solutions recently was awarded an umbilicals contract for the Agogo field development.

"We are very pleased to have been awarded another important contract by Azule Energy in Angola. We look forward to continuing our strong relationship by maintaining our focus on safe and efficient operations," said Maria Peralta, executive vice president and head of Aker Solutions' subsea business.

The contract will be booked as order intake in the third quarter of 2023 in the Subsea segment.

¹Aker Solutions defines a sizeable contract as between NOK 0.5 billion and NOK 1.5 billion.

ENDS

Media Contact:
Hallvard Norum, mob: +47 913 80 820, email: hallvard.norum@akersolutions.com

Investor Contact:
Preben Ørbeck, mob: +47 470 10 611, email: preben.orbeck@akersolutions.com

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 16,000 people in more than 20 countries.

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