Aker Solutions goes subsea for Shell in Gulf of Mexico

Aker Solutions goes subsea for Shell in Gulf of Mexico

ID: 44637

(Thomson Reuters ONE) -


8 October 2010 - Aker Solutions has signed three subsea contracts with Shell
Offshore Inc for deliveries to the operator's Popeye and Europa fields in the
Gulf of Mexico. Contract values are undisclosed.

Under the contracts, Aker Solutions will in total deliver approximately 40 km
(25 miles) of electro-hydraulic steel tube umbilicals to Shell's Popeye field
and Europa field extension. Aker Solutions will also install the umbilical for
the Popeye field, using the company's deepwater installation vessel Boa Sub C.

"We have a strategic objective of combining our product and service offerings
where they can create attractive business propositions for our customers. The
contracts with Shell, where we will first manufacture the subsea umbilical and
then install it, is one way of doing this," says Erik Wiik, President - Subsea
North America, Aker Solutions.

Engineering, project management, and manufacturing will take place at Aker
Solutions' state-of-the-art umbilical facility in Mobile, Alabama.  .

"This is an important contract for our umbilical facility in Mobile, Alabama.
Although we have vast experience with Shell through our umbilical operations in
Norway, this is our first Shell umbilical project to be executed by our team in
Mobile, Alabama. Our key objective is excellent project execution, which will
position us for further jobs with Shell," adds Wiik.

The Popeye field is located in Green Canyon block 116 in approximately 671.6
metres (2,200 ft) water depth and will tie-back to the Cougar fixed platform
located in South Timbalier block 300 in 110.3 metres (362 ft) water depth.

The Europa A7 well is located in Mississippi Canyon block 935 in approximately
1143 metres (3750 ft) water depth and will tie-back to existing Europa subsea
structure.  The Europa development ties back to the Mars TLP located in




Mississippi Canyon block 807 in 896 metres (2,940 ft) water depth.

Aker Solutions' contract parties are Aker Subsea Inc and Aker Marine Contractors
Inc.  The contracts are signed and booked as order intake in Q3 2010.

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:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for this
project, please contact the relevant BA Global Sourcing Champion.

Career opportunities:
Visithttp://www.akersolutions.com/careers

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global provider of engineering and construction services,
technology products and integrated solutions. Aker Solutions' business serves
several industries, including oil & gas, refining & chemicals, mining & metals
and power generation. The Aker Solutions group is organised in a number of
separate legal entities. Aker Solutions is used as the common brand/trademark
for most of these entities.

Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has
aggregated annual revenues of approximately NOK 58 billion and employs
approximately 22 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies
with a focus on energy, maritime and marine resource industries. The Aker
companies share a common set of values and a long tradition of industrial
innovation. As an industrial owner controlling 40.27 percent of the shares in
Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the
development of Aker Solutions.

This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.





[HUG#1449958]








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


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Datum: 08.10.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 44637
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