13 May 2008 - Due to high demand, Aker Solutions has decided to double the size of its RapidSolution well set programme.
The RapidSolution was launched in September 2007 as a pre-configured system, with a dedicated stocking programme, that aims to provide a complete well set within a fraction of the traditional system lead times. The target is to supply a complete well set within a 4-6 month lead time. RapidSolution is a complete well system that consists of a subsea tree, subsea control module, wellhead and tie-in system.
"By offering pre-configured, high technology subsea trees with very short lead time and at competitive prices, we have been able to connect with new customers as well as winning EPC projects where trees have been the pacing item," says Svenn Ivar Fure, senior vice president Trees, Processing & Boosting, Aker Solutions.
"We passed this year's ambitions for sales of RapidSolution trees as early as April, and we have added significant value for our customers through bundling of Aker Solutions controls and tie-in products. Since we so far have managed to sell the well sets in progress before touching our 6-month delivery objective, we have decided to expand the programme - both in size and in product offering," adds Fure.
Deepwater trees are now available with firm deliveries from January 2009 and Shallow water trees from April 2009. Delivery slots will be marketed and sold on a first come, first serve basis.
Both the deepwater and shallow water tree models are based on the horizontal 5x2" Standard Configurable Tree (SCT) concept and may be accompanied with Aker Solutions wellheads, tie-in systems and subsea controls. The well system can be delivered to any region of the world. It is supported by rental and completion tools.
ENDS
For further information, please contact:
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194
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. The business within Aker Solutions comprises 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.
The parent company in the group is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 24 000 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-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.27 percent holding in Aker Solutions, Aker ASA takes an active role in the development of its holdings.
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