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Business news

Aker Solutions wins Svalin umbilical contract
Date: MON 2012 23 APR 08:01:AM (GMT: MON 2012 23 APR 06:01:AM)
Source: HUGIN

Aker Solutions ASA

23 April 2012 - Aker Solutions has been awarded a contract by Subsea 7 for the
design and fabrication of a control umbilical for Statoil''s Svalin C project on
the Norwegian continental shelf. Contract value is undisclosed.

Scope of work includes a six kilometre long control umbilical, connectors,
engineering and project management.

"We are very pleased to be awarded another contract on the Norwegian continental
shelf and look forward to supporting Subsea 7 with this Statoil fast-track
project," says Tove Røskaft, executive vice president of Aker Solutions''
umbilical business.

Management, engineering and procurement of the umbilical will be performed at
Aker Solutions'' headquarters in Fornebu, Norway. Manufacturing will take place
in Moss, Norway.

Svalin is a fast-track oil field project located in the middle part of the North
Sea, about eight kilometres southwest of the Grane field and 185 kilometres west
of Haugesund. The water depth is approximately 120 metres.

In December 2011, Statoil awarded Aker Solutions the contract for engineering,
procurement and construction of the subsea production system for the Svalin
project. The contract value was approximately NOK 400 million.

Subsea umbilicals are deployed on the seabed to supply necessary controls and
chemicals to subsea oil and gas wells, subsea manifolds and any subsea system
requiring a remote control. The Svalin umbilical will be delivered in Q2 2013.

Aker Solutions'' contract party is Aker Subsea AS.


For further information, please contact:

Severin Roald, Vice President Communications, Aker Solutions. Tel:
+47 22 94 55 23, Mob: +47 92 03 00 33, E-mail:

Investor relations:
Astrid Thommesen Sæbø, Vice President Investor Relations, Aker Solutions. Tel:
+47 22 94 63 37, Mob: +47 48 17 00 35, E-mail:

For further information about sourcing and potential subcontracts for this
project, please visit

Career opportunities:

Aker Solutions provides oilfield products, systems and services for customers in
the oil and gas industry world-wide. The company''s knowledge and technologies
span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
23 500 people in more than 30 countries. They apply the knowledge and create and
use technologies that deliver their customers'' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had aggregated
annual revenues of approximately NOK 36.5 billion. The company is listed on the
Oslo Stock Exchange.

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

Subsea umbilical:

Tove Røskaft:

This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
Source: Aker Solutions ASA via Thomson Reuters ONE