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Aker Solutions ASA: Aker Solutions Wins Contract to Build Johan Sverdrup Pipeline Receiving Facility at Mongstad

October 17, 2016 - Aker Solutions won a contract from Statoil to build the
pipeline facilities, modifications and tie-ins needed at the Mongstad
terminal to receive oil from the North Sea Johan Sverdrup field.

The contract, valued at about NOK 350 million, is for engineering,
procurement, construction and installation services. The work will be
completed in 2019.

"We are pleased to work with Statoil in laying yet another one of the key
building blocks for the major Johan Sverdrup development," said Knut Sandvik,
head of Aker Solutions' maintenance, modifications and operations business.

The pipeline receiving facilities will be constructed in an available area at
the Mongstad complex on the west coast of Norway and will be tied in to all
required utilities and control and safety systems. The facilities will be
connected to the six existing oil caverns through a new manifold system,
which will allow Johan Sverdrup crude to be distributed to any of the caverns
on the site.

The contract also includes groundwork and foundation work. The engineering
will be carried out by Aker Solutions in Bergen and prefabrication will be
done at the company's yard in Egersund. Local companies will also be involved
during the installation phase. The groundwork will be handled by Aker
Solutions' partners.

On average, the project will employ about 50 people with an expected peak of
almost 100 in mid-2017.

The contract will be booked as part of Aker Solutions' fourth-quarter order


For further information, please contact:

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

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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