Aker Solutions Wins Framework Contract From BP in Norway

The contract has a period of up to two years valued at maximum NOK 1.8 billion, with options to extend the work by as many as four years. The agreement starts on June 1, 2014, following the expiration of an existing framework contract for similar services.

"I'm very pleased that BP has chosen to continue working with us on the Norwegian continental shelf," says Per Harald Kongelf, regional president for Aker Solutions in Norway. "This is a testament to the quality of our deliveries and the strength of our partnership with BP in Norway."

The agreement is for work on the fields Ula, Tambar, Hod, Skarv and Valhall. The scope includes studies, maintenance and modification project work as well as preparation work for decommissioning offshore Norway.

Aker Solutions has worked with BP in Norway for more than twenty years and signed the first long-term framework agreement contract of this type with BP in 1999.

ENDS

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Our engineering, design and technology bring discoveries into production and maximize recovery from each petroleum field. We employ approximately 28,000 people in about 30 countries. Go to www.akersolutions.com for more information on our business, people and values.

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