Aker Solutions Secures Maintenance and Modifications Work for Equinor

February 11, 2022 – Aker Solutions has signed a three-year contract extension to an existing maintenance and modifications frame agreement with Equinor. The agreement for work on oil and gas installations offshore Norway represents a very large¹ order intake for Aker Solutions.

Maintenance and modifications are crucial to ensure safe and efficient operations of customer’s installations and facilities. Aker Solutions has delivered maintenance and modifications work for Equinor on this frame agreement since first-quarter 2016. Work under the extension option will start upon completion of the existing period during the first quarter of 2023.

“We are looking forward to continuing to deliver important maintenance and modifications services for Equinor in the years to come. We will keep our strong focus on safety, low-carbon solutions, as well as continuous improvements and increased productivity in the work we deliver. This contract award is a great testament to the quality of service our teams have provided over many years. The agreement Equinor has trusted us with will enable a further development of our long-term strategic collaboration,” said Linda L. Aase, executive vice president and head of Aker Solutions' electrification, maintenance and modifications business.

The contract provides work for Aker Solutions' operations in Trondheim, Bergen and Stavanger in particular, and will be managed from the company’s offices in Trondheim.

The contract will be booked as order intake in the first quarter of 2022 in the Electrification, Maintenance and Modifications segment.

¹Aker Solutions defines a very large contract as being between NOK 2.0 billion and NOK 3.0 billion.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email: torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@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 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 considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange release was published by Lars Kulsrud, Senior Manager, Communications, Aker Solutions, on February 11, 2022 at 08:25 CET.