Aker Solutions wins West Africa contract

16 April 2013 - Aker Solutions has been awarded a contract from Technip to deliver umbilicals for the Girassol Resources Initiative (GirRI) phase 2 development off the coast of Angola. Contract value is undisclosed.

Aker Solutions will deliver two dynamic power and control steel tube umbilicals, one dynamic power cable and ancillary equipment.

GirRI is located in Angola's Block 17, 210 kilometres west of Luanda. The development is 1,300 metres under sea level.

"Our advanced umbilical design provides both reliability and durability and we look forward to executing this project in close collaboration with Technip," says Tom Munkejord, head of Aker Solutions' umbilical business area.

The umbilicals will be manufactured at Aker Solutions' facility in Moss, Norway, with project management, design and engineering support from the company's office at Fornebu, Norway.

Subsea umbilicals are deployed on the seabed to supply necessary controls and chemicals to subsea oil and gas wells, subsea manifolds and any subsea systems requiring remote control.

The contract has been booked as order intake in the first quarter of 2013.

For further information, please contact:

Media:

Severin Roald, Vice President Communications, Aker Solutions. Tel: +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@akersolutions.com

Investor relations:

Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail: lasse.torkildsen@akersolutions.com

Suppliers:

For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers

Career opportunities:

Visit http://www.akersolutions.com/careers

Aker Solutions
provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 28 000 people in more than 30 countries. We apply the knowledge and create and use technologies that deliver our customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2012 Aker Solutions had aggregated annual revenues of approximately NOK 45 billion. The company is listed on the Oslo Stock Exchange.

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