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Aker Solutions to Provide Global Subsea Engineering Services to BP

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March 29, 2016 - Aker Solutions secured a global framework agreement to deliver engineering and project management services at BP-operated subsea oil and gas fields.

The contract has a fixed period of five years and may be extended by two years. It covers subsea engineering services, asset integrity management and operations support.

"We are delighted to partner with BP in finding cost-effective solutions to boost productivity and optimize the infrastructure of the company's subsea fields," said Luis Araujo, Aker Solutions' chief executive officer. "We have provided subsea operations support to BP in the UK for more than 15 years and look forward to building on this partnership with a global agreement."

Aker Solutions will execute the work through a global delivery model.

Both parties agreed not to disclose the contract value.

ENDS

For further information, please contact:

Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani@akersolutions.com

Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel: +47 22 94 74 52, Mob: +47 99 62 12 13, E-mail: anne.cecilie.lund-andersen@akersolutions.com

Investors:
David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel: +44 208 811 7111, Mob: +44 7788 338 887, E-mail: david.phillips@akersolutions.com

Lasse Torkildsen, Senior Advisor, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 15,000 people in about 20 countries. Go to http://akersolutions.com for more information on our business, people and values.

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

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