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2016-01-26

Aker Solutions ASA: Aker Solutions to Deliver FPSO Concept Study for Johan Castberg Field

January 26, 2016 - Aker Solutions has secured an order from Statoil to provide
a concept study for a floating production, storage and offloading facility
for the Johan Castberg oil field development in the Barents Sea.

The order is a call-off by Statoil on an engineering contract for Johan
Castberg won by Aker Solutions in 2013.

"We've worked with Statoil for two years on finding a cost-effective solution
that will enable development of this strategically important oil field in
northern Norway," said Per Harald Kongelf, head of Aker Solutions' Norwegian
operations. "The costs have been significantly reduced and we look forward to
continuing to work with Statoil to optimize this development."

The Statoil-operated Johan Castberg field is located about 240 kilometres
north-west of Hammerfest.

The two parties agreed not to disclose the financial value of the contract,
which will be booked as part of Aker Solutions' first-quarter order intake.

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 16,000
people in about 20 countries. Go towww.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, seewww.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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