Aker Solutions signs subsea supply agreement with Shell Malaysia

Aker Solutions has been awarded a five-year supply agreement from Sarawak Shell Berhad (SSB) for supply of subsea production systems equipment and services.

SSB has several existing platforms offshore Sarawak, Malaysia, as PSC operator to PETRONAS and with partners PETRONAS carigali and Nippon Oil Exploration (M) Ltd, where new subsea wells will be tied back to. The wells are found in water depths down to 200 metres.

“This supply agreement is a significant milestone for us as it is our first collaboration with Shell in this country. It is also an important recognition from one of the world’s major oil and gas companies to our Malaysian operation and unique subsea manufacturing centre,” says president of Aker Solutions in Malaysia, Egil Martinussen. “The potential in the Sarawak area is big, and we look forward to working with SSB to develop it further over the coming years.”

The scope of work for the five-year supply agreement includes design, manufacturing, testing, installation, commissioning, follow-on support and maintenance of wellheads, subsea trees, subsea control systems, flow bases and tie-in equipment.

Manufacturing and testing of all equipment will take place at Aker Solutions’ hi-tech subsea manufacturing centre in the Port Klang Free Zone, Malaysia.

Contract party is Aker Solutions Malaysia Sdn. Bhd.

ENDS

Aker Solutions ASA, through its subsidiaries and affiliates (“Aker Solutions”), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions’ business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. 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 58 billion and employs approximately 26 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.

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