Aker Solutions to Supply Umbilicals for Mozambique's First Offshore Field Development

June 26, 2017 - Aker Solutions was awarded a contract to deliver three umbilicals and associated equipment at ENI's Coral South project, Mozambique's first offshore field development.

The work scope includes three steel tube umbilicals that will total more than 19 kilometers in length and connect the Coral South floating liquefied natural gas (FLNG) facility to the field's subsea production system. The umbilicals will be manufactured at Aker Solutions' plant in Moss, Norway, and are scheduled for delivery at the end of 2019.

"This contract is an important milestone for Aker Solutions as we continue to demonstrate our capability as a partner of choice for products and services across Africa," said Aker Solutions' Chief Executive Officer Luis Araujo. "It is a privilege to be involved in the first offshore development in Mozambique and to play a part in developing the country's energy industry."

Discovered in 2012, the Coral South development is the first energy project offshore Mozambique and is estimated to contain about 450 billion cubic meters of natural gas.

The two companies agreed to not disclose the financial value of the contract.

ENDS

Media Contact:
Colin Ross, tel: +44 1224 750550, mob: +44 7768 035428, e-mail: colin.d.ross@akersolutions.com

Investor Contact:
Per Christian Olsen, tel: +47 67 51 36 58, mob: +47 900 29 077, e-mail: per.christian.olsen@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 14,000 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

About Us

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 16,000 people in more than 20 countries.

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