Aker Solutions signs Aasta Hansteen SPS contract with Statoil

Fri Feb 1, 2013 8:18am EST

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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: severin.roald@akersolutions.com mailto:severin.roald@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 mailto:lasse.torkildsen@akersolutions.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.


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Source: Aker Solutions ASA via Thomson Reuters ONE


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