Aker Solutions signs Ichthys umbilicals contract

Aker Solutions signs Ichthys umbilicals contract

ID: 165486

(Thomson Reuters ONE) -


16 July 2012 - Aker Solutions has signed a contract with McDermott, the main
EPCI contractor for the Ichthys gas-condensate field development subsea
umbilical, riser, flowline (SURF) project, for INPEX in Australia. The contract
value is approximately NOK 440 million.

The scope of work includes the engineering, procurement, fabrication and supply
of static and dynamic umbilicals, totalling 63 kilometres for the Ichthys LNG
project.

Key equipment within this contract comprise five dynamic umbilicals, seven
static umbilicals, 36 steel tube flying leads, and associated equipment and
hardware.

"We have a very strong track record with steel tube umbilicals in the Australian
market and this contract for the Ichthys LNG project further confirms our
commitment to this significant region and our business footprint down under,"
says Tove Røskaft, head of Aker Solutions' umbilicals business.

The umbilicals and flying leads will be manufactured and delivered by Aker
Solutions' facility in Moss, Norway, and supported by the project management,
design and engineering teams in Fornebu, Norway. The expected delivery date is
Q4 2014.

The Ichthys LNG project is a joint venture between INPEX (operator), TOTAL and
other participants. Gas from the Ichthys field, in the Browse Basin
approximately 200 kilometres offshore of Western Australia, will undergo
preliminary processing offshore to remove water and extract condensate. The gas
will then be exported to onshore processing facilities in Darwin via an 889km
subsea pipeline. The Ichthys LNG project is expected to produce 8.4 million
tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately
100,000 barrels of condensate per day at peak.

Subsea umbilicals are deployed on the seabed to supply necessary controls and
chemicals to subsea oil and gas wells, subsea manifolds and any subsea system




requiring a remote control.

Over the past 15 years Aker Solutions has delivered more than 400 umbilicals to
some of the world's most challenging fields, from harsh environments to ultra-
deep, high-pressure water conditions.

The contract has been signed and booked as order intake in Q2 2012.

ENDS

For further information, please contact:

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

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#1626923]




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Datum: 16.07.2012 - 12:01 Uhr
Sprache: Deutsch
News-ID 165486
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