Aker Solutions Wins Order for World's Largest Umbilicals System

Aker Solutions Wins Order for World's Largest Umbilicals System

ID: 564506

(Thomson Reuters ONE) -


October 20, 2017 - Aker Solutions won an order valued at more than NOK 1.6
billion to deliver the largest umbilicals system ever.

The contract entails delivery of 250 kilometers of steel-tube umbilicals linking
a subsea development to an existing offshore platform.

"We are honored to have been selected to work on this project, which is
groundbreaking in terms of the size and technology of the umbilicals system,"
said Luis Araujo, chief executive officer of Aker Solutions.

The work will be led by Aker Solutions in Oslo and manufacturing will take place
at the company's umbilicals plant in Moss, Norway. Delivery is set for the end
of 2018.

The parties have agreed to not disclose the name of the project or customer at
this point.

Umbilical systems are full service connections used to transport data, power and
liquids between oil and gas installations on the seafloor to onshore facilities
or platforms.

ENDS

Media Contact:
Bunny Nooryani, tel: +47 67 59 42 71, mob: +47 480 27 575, e-mail:
bunny.nooryani(at)akersolutions.com

Investor Contact:
Fredrik Berge, tel: +47 22 94 62 19, mob: +47 450 32 090, e-mail:
fredrik.berge(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 14,000
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 information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.








This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Aker Solutions ASA via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 20.10.2017 - 06:55 Uhr
Sprache: Deutsch
News-ID 564506
Anzahl Zeichen: 2448

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