Aker Solutions boosts Canada presence

Mon Jan 7, 2013 6:00am EST

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7 January 2013 - International oil service group Aker Solutions strengthens its commitment to the
Canadian oil and gas market through taking full ownership of Newfoundland and Labrador-based AKCS
Offshore Partner.

"The buy-out will support Aker Solutions' growth plans in North America and be the foundation for
further expansion in St. John's and Atlantic Canada.  This is a firm commitment from Aker
Solutions to continue to invest in this region to offer the best possible support to our
customers," says Tore Sjursen, head of maintenance, modifications and operations (MMO) in Aker

AKCS Offshore Partner was a partnership formed by Aker Solutions, SNC-Lavalin and G.J Cahill & Co.
in 2002 to pursue contracts for the Atlantic Canada oil and gas industry. The partnership has been
offering maintenance, modifications and operations (MMO) services. 

"We will continue to deliver engineering services for maintenance and modification projects
offshore Canada. Further, this move enables us to expand local project management capacity to
support all Aker Solutions businesses in the region," says Erik Wiik, Aker Solutions' regional
president for North America.

AKCS Offshore Partner, which is based in St John's, Newfoundland and Labrador, has 48 employees.
All personnel currently employed by the partnership will be given the opportunity to pursue a
career in Aker Solutions. 

The financial details of the buy-out are undisclosed. 

In November 2012 Aker Solutions announced the acquisition of St John's-based asset integrity
company Thrum Energy Inc. Following the acquisition of Thrum Energy Inc and buy-out of AKCS
Offshore Partner, Aker Solutions employs more than one hundred people in St. John's. The company
is also present in Calgary, Alberta.

"Our company's heritage lies within harsh and arctic offshore environments, so further growth in
the Atlantic Canada market is a good strategic fit for Aker Solutions," adds Tore Sjursen.


For further information, please contact:

Endre Johansen, VP Corporate 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 ASA. Tel: +47 67 51 30 39, Mob: +47 911
37 194

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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information contained therein.

Source: Aker Solutions ASA via Thomson Reuters ONE


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