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2016-01-25

Aker Solutions ASA: Aker Solutions Wins Two MMO Contracts for Åsgard A

January 25, 2016 - Aker Solutions won a front end engineering design (FEED)
contract from Statoil for the Trestakk field tie-in to the Åsgard A
production vessel in the Norwegian Sea. The company also secured a separate
concept study order for a low well-pressure project at Åsgard A.

"We're very pleased to secure the orders for this major oil and gas field,
which will help secure jobs in our MMO business in Norway," said Per Harald
Kongelf, head of Aker Solutions' Norwegian operations. "We look forward to
continuing our good cooperation with Statoil as we together seek to find the
most robust and cost-effective solutions for these projects."

Work on both contracts will start at once and be carried out by Aker
Solutions' Norwegian maintenance, modifications and operations (MMO)
business. The concept study will look at ways to allow future production at
Åsgard A at lower well pressures. The contract includes options for FEED and
engineering, procurement, construction and installation (EPCI) services. The
Trestakk agreement has an EPCI option.

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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