Aker Solutions wins Snorre A Drilling Facilities contract

28 February 2012 - Aker Solutions has been awarded a contract by Statoil to deliver replacement and upgrading of the drilling equipment and systems on the Snorre A platform in the North Sea. Estimated contract value is NOK 1 billion.
Aker Solutions wins Snorre A Drilling Facilities contract

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We are pleased that Statoil renews their trust in our service, and very proud to be working with Statoil on a drilling upgrade of this scale.

The main object of the project is to extend the technical lifetime up to 2040 and improve HSE factors while keeping the capacity and operational availability "as-is". Scope of work will include engineering, procurement, construction, installation and commissioning assistance.
 
"We are pleased that Statoil renews their trust in our service, and very proud to be working with Statoil on a drilling upgrade of this scale," says head of Aker Solutions' maintenance, modifications and operations business, Tore Sjursen.
 
This project includes advanced technical solutions in addition to extensive onshore testing in a considerably larger scale than previously performed. The chosen solutions have been developed over many years through extensive studies with participation from Aker Solutions, Statoil and the drilling operator.
 
Refurbishment of existing drilling facilities like Snorre A is a growing market in the mature North Sea, and an area which Aker Solutions is putting high emphasis on. The company has comprehensive knowledge about products, systems and services required to plan and execute such work, and different parts of the company would typically be involved.
 
The Snorre A drilling contract scope will be performed by Aker Solutions' drilling technologies engineering team in Kristiansand and will be concluded by its integration competence centre in Bergen. Prefabrication will be performed at Aker Solutions' yard in Egersund.
 
Preparations have already started. A total of 100 engineering and management personnel at Aker Solutions' office in Bergen and Kristiansand plus up to 100 offshore installation personnel will work on the Snorre A Drilling contract for the next three years.
 
Contract parties are Aker Solutions' subsidiary Aker Solutions MMO AS and Statoil ASA.
 
ENDS
 
For further information, please contact:
 
Media:
Cathrine Gjertsen, communications manager, Aker Solutions. Tel: +47 51 85 25 30, Mob: +47 99 49 25 37.
 
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194.
 
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 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 18 500 people in about 30 countries.
 
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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