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Aker Solutions ASA: Aker Solutions Secures Work for Tie-In of Utgard Field to Sleipner Area

September 8, 2016 - Aker Solutions will provide engineering, procurement,
construction, installation and commissioning (EPCIC) services to enable a
tie-in of the Utgard gas and condensate field to the Statoil-operated
Sleipner facilities in the North Sea.

The work, valued at about NOK 500 million, is for platform modifications at
Sleipner to tie in the Utgard subsea field. Aker Solutions in April won a
contract for preliminary engineering work to enable the tie-in. The contract
included an option for EPCIC work which Statoil has now chosen to exercise.

"We've worked closely with Statoil to find the most cost-efficient solution
for this project, which builds on our capabilities in complex modifications,"
said Knut Sandvik, head of Aker Solutions' maintenance, modifications and
operations business. "We're very pleased to continue working with the
customer to help secure important resources from this development."

The Utgard field will have a subsea template that will be connected by
pipeline to the Sleipner T processing and CO2 removal platform and by
umbilical to the Sleipner A processing, drilling and living quarters

Work on the contract has started and will be completed in the fourth quarter
of 2019. The project will be managed and executed by Aker Solutions in
Stavanger. Prefabrication will be executed at Aker Solutions' yard in


For further information, please contact:

Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59
42 71, Mob: +47 480 27 575,

David Phillips, Head of Industry&Investor Relations, Aker Solutions. Tel: +44
208 811 7111, Mob: +44 7788 338 887,

Per Christian Olsen, Analyst, Investor Relations, Aker Solutions. Tel: +47 67
51 36 58, Mob: +47 900 29 077,

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 13,000
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, see


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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