Subsea production system contract awarded to Aker Solutions

Aker Solutions has been awarded a contract by Statoil for the engineering, procurement and construction of a subsea production system for the Vilje South project on the Norwegian continental shelf. The contract value is approximately NOK 225 million.

Scope of work includes a subsea tree, satellite production flowbase and protection structure, subsea production control system, wellhead system, remote connection system and a 150 metre static umbilical. This contract is an extension to the subsea production system Aker Solutions’ delivered to the Vilje field in 2006.

“We are very proud to be working with Statoil on another subsea production system project and pleased to see the further development of the existing Vilje field”, says Alan Brunnen, executive vice president of Aker Solutions’ subsea business area.

Management, engineering and procurement of the subsea production system will be primarily performed at Aker Solutions’ headquarters in Oslo, Norway. Fabrication and manufacturing will take place in Tranby, Moss and Egersund in Norway and in Aberdeen in the UK.

Final deliveries will be made in Q2 2013.

Vilje South is a fast track oil field project located in the middle part of the North Sea, about 20 kilometres northeast of Alvheim and just north of the Heimdal field in a water depth of approximately 120 meters.

Aker Solutions’ contract party is Aker Subsea AS.

ENDS

Aker Solutions ASA, through its subsidiaries and affiliates (“Aker Solutions”), is a leading global oil services company that provides engineering services, technologies, product solutions and field-life solutions for the oil and gas industry. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions’ parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 35 billion and employs approximately 18 000 people in about 30 countries.

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