Aker Solutions awarded upgrading contract for the Heidrun platform

StatoilHydro has awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract at Heidrun. The object of the Heidrun Production Pipeline project is to facilitate increased gas capacity production. Contract value is NOK 390 million.

The contract covers upgrades of the gas system at the Heidrun platform, including upgrades of the existing gas turbine and compressors. The project is expected to increase the gas capacity at Heidrun with 16 percent to 7.1 MSm3/d. Detail design and procurement activities will be performed at Aker Solutions regional office in Trondheim, Norway. The work includes onshore fabrication and offshore installation. Offshore work will take place between autumn 2009 and medio 2010.

The contract party is Aker Solutions’ subsidiary Aker Offshore Partner AS

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 23 000 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.