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Aker Solutions ASA (0IPT)

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Thursday 19 July, 2012

Aker Solutions ASA

Aker Solutions wins drilling riser contract

Aker Solutions wins drilling riser contract

19 July 2012 - Aker Solutions has won a contract to deliver a deepwater drilling riser system to Atwood Oceanics, the drilling operator. The contract value is undisclosed.

The deepwater drilling riser system will be manufactured and delivered from Aker Solutions' manufacturing plant in Port Klang, Malaysia.

"We are very pleased to be delivering an Aker Solutions CLIP riser system to Atwood for the fifth time," says Thor Arne Håverstad, head of Aker Solutions' drilling technologies business.

The drilling riser system is scheduled to be delivered in the autumn of 2013. Aker Solutions has previously delivered risers to the Atwood Osprey and Atwood Condor drilling units. Another two drilling riser systems are currently being produced for the Atwood Advantage and Atwood Achiever units.

Safe and efficient
"The unique technology behind the CLIP riser offers the drilling operator a faster connection and disconnection of the riser joints, which improves operational efficiency and safety. The drilling riser from Aker Solutions can be disconnected and pulled out of the water in half the time it takes to remove a traditional riser, which saves the operator time and money," says Tom Munkejord, senior vice president and head of Aker Solutions' drilling riser business.

Aker Solutions offers complete drilling equipment packages, including project management, conceptual design, detailed engineering and procurement. The company provides the full range of topside drilling equipment and systems, including drilling risers, with worldwide customer support through its lifecycle services organisation.

The contract has been booked as order intake in the second quarter of 2012.

ENDS

For further information, please contact:

Media:
Endre Johansen, Vice President Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: + 47 416 10 605, E-mail: endre.johansen@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@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.





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Source: Aker Solutions ASA via Thomson Reuters ONE

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