Aker Solutions signs Aasta Hansteen SPS contract with Statoil
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130201:nHUGcVqX 1 February 2013 - Aker Solutions has signed a contract with Statoil for the supply of a subsea production system for the Aasta Hansteen field development project on the Norwegian Continental Shelf. The contract value is approximately NOK 2 billion. Last week, Aker Solutions signed a NOK 280 million contract with Statoil for the supply of deepwater umbilicals for Aasta Hansteen. Now, the company has secured another major contract for this field development. The scope of work within the subsea production system includes three template-manifold structures, 7 subsea trees, in addition to wellheads, controls, workover and tie-in systems. The contract also contains options related to Aasta Hansteen which Statoil may exercise. "Aker Solutions is dedicated to supporting Statoil in optimising their assets and maximising production rates and gas recovery at Aasta Hansteen. We are very honoured to be involved in this major deepwater project," says Alan Brunnen, head of Aker Solutions' subsea business. Management, engineering and procurement will primarily be performed at Aker Solutions' headquarters in Fornebu, Norway. Fabrication of the subsea trees and workover systems will be completed at the Tranby manufacturing centre, outside Oslo. The production of the template-manifolds will be carried out at Aker Solutions' facilities in Egersund on the west coast and Sandnessjøen in the northern part of Norway. The facility in Aberdeen in the UK will deliver the control systems and the wellheads. Aker Solutions is investing heavily in the northern part of Norway and in October 2012, the company announced the acquisition of a fabrication facility in Sandnessjøen. The facility will provide several fabrication services for Aker Solutions and will be deeply involved in the Aasta Hansteen project. The fabrication of the template-manifolds in Sandnessjøen will also create regional spin-off effects. Aasta Hansteen is located 300 km west of Bodø and 140 km north of the nearest existing offshore infrastructure Norne, in the northern part of Norway. It is a deepwater project consisting of the three structures Luva, Haklang and Snefrid South at a water depth of 1300 metres. Aasta Hansteen is the deepest subsea development in the Norwegian waters to date and will provide a new deepwater standard for such production systems including new technology developments. The first deliveries of the Aasta Hansteen subsea production system will be made in the first half of 2015. ENDS For further information, please contact: Media: Severin Roald, Vice President Communications, Aker Solutions. Tel: +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: firstname.lastname@example.org mailto:email@example.com Investor relations: Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail: firstname.lastname@example.org mailto:email@example.com Suppliers: 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' 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 www.akersolutions.com. http://www.akersolutions.com. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. --------------------------------------------------------------------------------------------------- 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 HUG#1674969