Aker Solutions Wins Order for Umbilicals at Egypt's Zohr Offshore Gas Field

Aker Solutions Wins Order for Umbilicals at Egypt's Zohr Offshore Gas Field

ID: 475748

(Thomson Reuters ONE) -


June 6, 2016 - Aker Solutions won a contract to deliver its longest-ever
umbilicals system at the Zohr offshore gas field in the Egyptian part of the
Mediterranean Sea.

The agreement with Petrobel in Egypt is worth more than NOK 1 billion and will
be booked in the second quarter. It stipulates the delivery of 180 kilometers of
steel tube umbilicals that will connect the Zohr subsea development to an
offshore control platform. Petrobel, a joint venture between The Egyptian
General Petroleum Corporation (EGPC) and Eni, is responsible for the development
and operations at Zohr.

"Aker Solutions is building on its previous experience offshore Egypt to now
deliver its largest-ever umbilicals project," said Luis Araujo, chief executive
officer of Aker Solutions. "We are very pleased to support Petrobel and Egypt on
this important development."

The work will be led by Aker Solutions' subsea division in Oslo and
manufacturing will start immediately at the umbilicals plant in Moss, Norway.

The company has invested substantially in the Moss facility over the past years.
The plant has more than 20 years of experience in making the most advanced and
complex umbilical systems, which are used to transport data, power and liquids
between oil and gas installations on the seafloor and facilities onshore or on
platforms.

The umbilicals system will be delivered by mid-April 2017.

ENDS

For further information, please contact:

Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel:
+47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani(at)akersolutions.com

Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel:
+47 22 94 74 52, Mob: +47 99 62 12 13, E-mail: anne.cecilie.lund-
andersen(at)akersolutions.com

Investors:
David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel:




+44 208 811 7111, Mob: +44 7788 338 887, E-mail:
david.phillips(at)akersolutions.com

Per Christian Olsen, Analyst, Investor Relations, Aker Solutions. Tel:
+47 67 51 36 58, Mob: +47 900 29 077, E-mail:
per.christian.olsen(at)akersolutions.com

Aker Solutions is a global provider of products, systems and services to the oil
and gas industry. Its engineering, design and technology bring discoveries into
production and maximize recovery. The company employs approximately 15,000
people in about 20 countries. Go to http://akersolutions.com for more
information on our business, people and values.

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




This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#2018065]




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Datum: 06.06.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 475748
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