Aker Solutions signs up for Murphy’s subsea inventory programme

Aker Solutions have signed contracts with Murphy Exploration & Production Company - USA (Murphy) to provide subsea trees, control systems and steel tube umbilicals to the company’s Gulf of Mexico (GOM) programme. The initial order is worth approximately USD 23 million.

This initial orders - which will launch Murphy’s inventory stocking programme for its upcoming eastern GOM development schedule - includes two wellsets and an umbilical. Delivery of all components is scheduled for Q2 2009.

“Murphy has an ambitious strategy for subsea developments in the Gulf of Mexico. We are very pleased to be chosen as partner for their forthcoming subsea projects in this part of the world,” says Erik Wiik, president of Aker Solutions’ subsea business area in the US.

Engineering design and project management will be provided from Aker Solutions’ office in Houston, Texas, with manufacturing of most components at Aker Solutions’ hi-tech subsea manufacturing centre in Kuala Lumpur, Malaysia. Umbilicals will be manufactured at Aker Solutions’ facility in Mobile, Alabama. Offshore installation support will be provided from Aker Solutions’ service base in Houston.

“We have successfully delivered several projects to Murphy in the US and Malaysia. This award is an acknowledgement of our project teams’ efforts and a recognition of our global capability within subsea production systems,” adds Wiik.

Contract party is Aker Solutions Inc.

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.