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Aker Solutions ASA: Aker Solutions to Supply Subsea Manifolds for Petrobras Pre-Salt Fields

April 9, 2014 - Aker Solutions won a contract worth more than USD 300 million
from Petrobras to supply eight manifolds that alternately inject water and
gas to increase oil recovery from Brazil's deepwater offshore fields.

The subsea manifolds, designed for water depths of 2,500 meters, will be
installed by Petrobras and its partners in deepwater pre-salt field
developments. The units have a design life of 30 years and the first is
scheduled to be delivered in 2016.
"We are pleased to work with Petrobras on its important and technically
challenging pre-salt developments," said Øyvind Eriksen, executive chairman
of Aker Solutions. "Brazil is a key market for our subsea technology and one
of the fastest-growing areas in the oil and gas industry."

The order will be executed by Aker Solutions' Brazilian subsea division. The
unit last year began work to double its subsea equipment manufacturing
capacity at a plant in Curitiba by 2015. About 70 percent of the contract
with Petrobras will be procured and manufactured in Brazil.
"Aker Solutions is committed to delivering high local content in Brazil, where
demand for complex subsea production equipment is growing," said Luis Araujo,
president for Aker Solutions in Brazil.
The manifolds will play a key part in the crucial injection process that helps
improve recovery from the fields.


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

Investor Relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30
39, Mob: +47 911 37 194, E-mail:lasse.torkildsen@akersolutions.com

For further information about sourcing and potential subcontracts for this
project, please visitwww.akersolutions.com/suppliers

Career Opportunities:

Aker Solutions
is a global provider of products, systems and services to the oil and gas
industry. Our engineering, design and technology bring discoveries into
production and maximize recovery from each petroleum field. We employ
approximately 28,000 people in about 30 countries. Go
towww.akersolutions.comfor more information on our business, people and

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

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


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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