Aker Solutions secures subsea installation contract offshore Canada

Aker Solutions has signed a contract with EnCana Corporation for the transport and installation of wellhead protection structures on the Deep Panuke development, offshore Nova Scotia, Canada.

“This contract is confirmation of our international competitiveness. It will provide us with an entry into the eastern Canadian market for subsea installations,” said Torgeir Ramstad, president of Aker Solutions’ marine operations business.

The contract will be undertaken by Aker Solutions subsidiary Aker Marine Contractors AS. The scope of work comprises engineering, planning and offshore operations. The work will commence immediately. The offshore operations will be performed by one of the company’s fleet of specialised offshore construction vessels in the second or third quarter of 2009.

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