Aker Solutions signs Alvheim contract

Thu Dec 27, 2012 2:30am EST

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27 December 2012 - Aker Solutions has signed a contract with Marathon Oil Norge for the delivery
of subsea trees to the Alvheim field on the Norwegian continental shelf. Contract value is

The contract includes the delivery of four subsea trees and associated equipment. The contract is
part of the frame agreement, covering the North Sea and Europe, between Marathon Oil Norge, a
wholly owned subsidiary of Marathon Oil Corporation, and Aker Solutions. 

"Our dedicated subsea teams in Norway and the UK look forward to execute another project on behalf
of Marathon. We are very pleased to continue this positive client relationship," says Knut
Røsjorde, head of Aker Solutions' subsea operations in Norway and Africa. 

The Alvheim field is located in the Norwegian sector of the North Sea, 224 kilometres from
Stavanger on the Norwegian west coast, at a water depth of 122 metres.  
The Alvheim subsea trees will be manufactured at Aker Solutions' facility at Tranby, Norway.
Control modules will be manufactured in Aberdeen, UK. The project is scheduled for completion in
the first half of 2014.

A subsea tree is a key technology enabling oil and gas production directly from a subsea well to a
processing facility. The tree is essentially an advanced set of valves and is used together with
associated technologies to control the well flow. The subsea tree is an integral part of a subsea
production system.


For further information, please contact:

Endre Johansen, Vice President Communications, Aker Solutions. Tel: +47 22 94 58 91 , Mob: +47 41
61 06 05, E-mail: endre.johansen@akersolutions.com mailto:endre.johansen@akersolutions.com 

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. 
Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail: lasse.torkildsen@akersolutions.com

For further information about sourcing and potential subcontracts for this project, please visit
www.akersolutions.com/suppliers http://www.akersolutions.com/suppliers 

Career opportunities:
Visit http://www.akersolutions.com/careers http://www.akersolutions.com/careers   

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 25 000 people in more than 30
countries. They apply the knowledge and create and use technologies that deliver their customers'

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 www.akersolutions.com http://www.akersolutions.com .


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Source: Aker Solutions ASA via Thomson Reuters ONE