Aker Solutions to Provide Subsea Production System for Tommeliten Alpha Development in Norway

The scope of work covers a complete subsea production system including 10 vertical subsea trees, two manifolds, wellheads, satellite structures, control systems and tie-in equipment.

"We look forward to working together with ConocoPhillips to sustainably maximize the full potential of this field," said Kjetel Digre, chief executive officer of Aker Solutions.

The front-end engineering and design (FEED) starts immediately. The engineering, procurement and construction (EPC) work is expected to start in the second half of 2021 and will involve Aker Solutions’ facilities in Norway, Brazil, Malaysia and the UK.

Tommeliten Alpha is a discovery in the southern part of the Norwegian sector in the North Sea, approximately 25 kilometers southwest of the Ekofisk field. The water depth is 75 meters. The discovery was proven in 1977. The reservoir contains a gas condensate fluid and lies at a depth of about 3,000 meters.

The contract is subject to Norwegian authorities' approval of the plan for development and operation (PDO).

The contract was booked as order intake in the third quarter of 2020.

ENDS

Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker Solutions employs approximately 13,000 people in more than 20 countries.

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

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

Cathrine Gjertsen

Cathrine Gjertsen

media contact, Norway

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+47 99 49 25 37
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Based in Stavanger, Norway

Local time: 22:37 CET

Fredrik Berge

Fredrik Berge

Director, Investor Relations

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+47 22 94 62 19
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+47 45 03 20 90
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Based in Fornebu, Norway

Local time: 22:37 CET

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