Aker Solutions starts developing Norway's oil and gas future

Aker Solutions starts developing Norway's oil and gas future

ID: 152527

(Thomson Reuters ONE) -


4 June 2012 - Statoil has awarded Aker Solutions early phase studies for all
their recent major discoveries on the Norwegian Continental Shelf; the Skrugard
and Havis fields in the Barents Sea and the Johan Sverdrup discovery in the
North Sea. Contract values are undisclosed.

The past year has been unique, with Johan Sverdrup (formerly named
Aldous/Avaldsnes) as the largest out of several new discoveries in mature areas
in the North Sea, and the renewed optimism for exploration in the Barents Sea,
with the Skrugard and Havis discoveries.

Aker Solutions will perform a concept study for the Skrugard and Havis fields,
as one of several vendors. The two fields, which are located only 7 kilometres
apart, will be developed as a joint solution. The work on the Johan Sverdrup
field development is a feasibility and screening study.

"These projects have been amongst our main target projects for 2012, so we are
extremely pleased that we have won the contracts", says Henning Østvig, senior
vice president of front end & technology in Aker Solutions. "The development in
the Barents Sea really hits the core of our competence, with floating
installations in a harsh and arctic environment. And of course we are
enthusiastic to be part of the development of one of the largest oil field
discoveries on the Norwegian continental shelf ever - the Johan Sverdrup field,"
says Henning Østvig.

Opportunities up north
The concept study for the Skrugard and Havis development will be executed by
Aker Solutions in Oslo, with participation from its new engineering office in
Tromsø.

"The establishment of the Tromsø office is part of Aker Solutions' overall
strategy to increase our footprint in the northern regions of Norway, driven by
the increasing number of interesting field development opportunities offshore
Northern Norway and in the Barents Sea," says Østvig.





Aker Solutions' operations in the north of Norway are increasing, and the
company is now present in Sandnessjøen, Tromsø, Hammerfest and Narvik.

As a part of the concept study for the Skrugard and Havis fields, Aker Solutions
will on behalf of Statoil perform a screening of potential scope to be performed
by local suppliers in the northern regions for the developments ahead. The
screening will be led by the Tromsø office, and could expand the ripple effects
of increased oil and gas activities in the northern regions of Norway.

The study work has already started.

ENDS

For further information, please contact:

Media:
Endre Johansen, VP Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob:
+47 416 10 605, E-mail: endre.johansen(at)akersolutions.com

Investor relations:
Astrid Thommesen Sæbø, VP Investor Relations, Aker Solutions. Tel:
+47 22 94 63 37, Mob: +47 481 70 035, E-mail:
astrid.thommesen.saebo(at)akersolutions.com

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

Career opportunities:
Visit 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
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 www.akersolutions.com.






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#1616957]


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Datum: 04.06.2012 - 08:31 Uhr
Sprache: Deutsch
News-ID 152527
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