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Aker Solutions ASA: Aker Solutions and Total to Cooperate on Subsea Technology Development

February 16, 2016 - Aker Solutions and Total agreed to collaborate on research
and innovation to develop new cost-effective subsea field technology.

The initial four-year technical collaboration agreement will build on earlier
cooperation and bring both companies closer in developing technologies that
will reduce costs and increase value at subsea oil and gas fields. The
partnership will this year explore a wide range of issues, including further
evolution of subsea processing and compression systems to boost
cost-efficiency of deepwater gas production, development of electric subsea
controls and optimization of flow-measurement technologies. Further scope of
the collaboration will be defined over the next months.

"This joint effort reinforces our common interest in finding more effective
solutions to maximize value from subsea field developments," said Hervé
Valla, chief technology officer at Aker Solutions. "It allows us to work more
closely with Total to solve technical challenges faced by the industry today
and to reduce the time needed to bring subsea technology to the market."

Total has been a strategic customer of Aker Solutions for many years including
on subsea projects such as the Kaombo and Dalia developments in Angola and
Moho Nord in Congo-Brazzaville. The companies have worked closely on solving
specific project challenges and designing solutions to enable future
developments. This includes collaborating on subsea boosting solutions and
subsea plant for deepwater application as part of Total's deep offshore
research and development program.


For further information, please contact:

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

Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel: +47
22 94 74 52, Mob: +47 99 62 12 13,

David Phillips, Head of Industry&Investor Relations, Aker Solutions. Tel: +44
208 811 7111, Mob: +44 7788 338 887, E-mail:david.phillips@akersolutions.com

Lasse Torkildsen, Senior Advisor, Aker Solutions. Tel: +47 67 51 30 39, Mob:
+47 911 37 194, E-mail:lasse.torkildsen@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 tohttp://akersolutions.comfor more
information on our business, people and values.

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


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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