Aker Solutions Wins Gullfaks South Contract


WEBWIRE – Monday, December 31, 2012

Aker Solutions has been awarded a topside modification contract by Statoil to increase oil recovery at Gullfaks South. Estimated contract value is NOK 180 million.

The main object of the project is to deliver topside modification for tie-in of two new templates, located at Gullfaks South, to Gullfaks A, plus topside modification for re-routing production from existing template D from Gullfaks A to Gullfaks C.

Scope of work under the Gullfaks South increased oil recovery topside project includes engineering, procurement, construction, installation and commissioning assistance (EPCIc).

“This will be a challenging and exciting job. It is an important assignment for Aker Solutions, which shows that we are competitive on jobs in all levels of the market. We are pleased that Statoil renews their trust in our topside modification services,” says Tore Sjursen, head of Aker Solutions’ maintenance, modifications and operations business.

Maintenance and modifications work will help to increase oil recovery rate and extend the life of the Gullfaks field.

The Gullfaks South increased oil recovery topside EPCIc assignment will be executed by Aker Solutions’ maintenance, modifications and operations team in Bergen, Norway. Pre-fabrication will be performed at Aker Solutions’ fabrications facilities at Aagotnes, Bergen.

Project completion date is estimated to the end of 2014.

Aker Solutions’ contract party is Aker Solutions MMO AS.

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Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company’s knowledge and technologies span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 25 000 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their customers’ solutions.

Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 billion. The company is listed on the Oslo Stock Exchange.

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



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