Aker Solutions wins subsea contract in Malaysia

Aker Solutions has secured a contract with Murphy Sabah Oil Co., Ltd. to deliver a subsea production system for the Kikeh subsea expansion project off the coast of Sabah in East Malaysia. Contract value is undisclosed.

The scope of work includes the delivery of deepwater oil production equipment such as subsea trees, control modules distribution system and manifolds that will be installed at a water depth of 1350 meters.

The project will be delivered out of Aker Solutions high-tech subsea manufacturing centre in Port Klang, Malaysia. This is the only facility in the world where a complete subsea production system can be manufactured in one location.

The subsea hardware is expected to be on production in 2013. Aker Solutions was responsible for the delivery of the original Kikeh scope back in 2005. It was the first deepwater development in Malaysia and the Asia Pacific region.

Dave Hutchinson, president, subsea Asia Pacific at Aker Solutions says: “We are extremely pleased to have Murphy as our returning customer. We will deliver a quality project fully utilizing our experience in the region.”

The contract party is Aker Process Systems Asia Pacific Sdn. Bhd. The contract has been signed and booked as order intake in Q2 2011.

ENDS

Aker Solutions ASA, through its subsidiaries and affiliates (“Aker Solutions”), is a leading global oil services company that provides engineering services, technologies, product solutions and field-life solutions for the oil and gas industry. 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 35 billion and employs approximately 17 000 people in about 30 countries.

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

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.