Aker Solutions Secures Maintenance and Modifications Work for Aker BP

June 29, 2020 - Aker Solutions has signed a two-year contract extension for maintenance and modifications for Aker BP's Ula, Skarv, Valhall and Tambar fields offshore Norway.

Work under the contract will start from December 1, 2020 and follows the existing contract with Aker BP where Aker Solutions and Aker BP work under a joint modification alliance model.

"We are delighted to continue to provide maintenance and modifications work for Aker BP," said Linda L. Aase, executive vice president, brownfield projects at Aker Solutions. "Work under the new alliance has proved to be efficient and the alliance has continued to improve deliveries and develop new ways of working."

The total value of the contract is estimated at about NOK 1.7 billion. The contract will be booked as order intake in the second quarter of 2020.

ENDS

Media Contact:
Ivar Simensen, mob: +47 464 02 317, email: ivar.simensen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker Solutions employs approximately 15,000 people in more than 20 countries.

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This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.