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2016-02-10

Aker Solutions ASA: Aker Solutions to Deliver Concept Study on Future Johan Sverdrup Phases

February 10, 2016 - Aker Solutions will deliver a concept study on a new
processing platform for future phases of the Statoil-operated Johan Sverdrup
North Sea field, Norway's largest oil find in three decades.

The study includes design solutions for a tie-in of the platform and future satellites to the field center that is being developed in the project's first phase. The work will be carried out by Aker Solutions in Oslo and Stavanger and will be delivered in the summer."Johan Sverdrup is of major importance to Norway's oil industry and we're very
pleased to expand our involvement through work on future phases," said
Valborg Lundegaard, head of engineering at Aker Solutions. "We've worked
closely with Statoil to bring down costs and increase the overall efficiency
of the development and will continue to push for further improvements."

The study is being carried out under the framework engineering agreement
awarded to Aker Solutions for Johan Sverdrup in 2013. The company is in the
second year of a five-year engineering, procurement and management assistance
(EPMA) assignment for the topsides of the first phase's processing and riser
platforms and the overall design integrity of the field. At its peak this
work is expected to involve more than 1,000 employees at engineering hubs in
Oslo, London and Mumbai.

Johan Sverdrup is estimated to hold 1.7 billion to 3 billion barrels of oil
equivalents. It's expected to produce 550,000 - 650,000 barrels of oil
equivalents a day when fully developed, equal to about a quarter of current
domestic output. Production is slated to start in late 2019 and is predicted
to last for about 50 years. The first development phase will consist of four
platforms linked by bridges.

Statoil is operator for the development, which spans three licenses. Other
partners include Lundin Norway, Petoro, Maersk Oil and Det norske
oljeselskap.

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@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@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@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.

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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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