Aker Solutions signs LOI with OKEA for the Draugen Electrification Project

Aker Solutions expects the LOI to be converted to a full Engineering, Procurement, Construction and Installation (EPCI) contract during the first quarter of 2023. The company expects to book a substantial1 order intake related to this contract in the first quarter of 2023 in the Electrification, Maintenance and Modifications (EMM) segment, subject to regulatory approvals.

The award of the LOI follows completion of front-end engineering and design (FEED) work performed by Aker Solutions.

1Aker Solutions defines a substantial contract as between NOK 2.5 billion and NOK 4.0 billion.

ENDS

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 15,000 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 considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange release was published by Daniel Ingebricson, Communications, Aker Solutions, on December 15, 2022 at 14:06 CEST.

Torbjørn Andersen

Torbjørn Andersen

Media contact, Corporate

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