Aker Solutions: Focusing on keeping competence and winning work

Eni Norge AS has notified Aker Solutions that the company will not be awarded the EPC contract for delivery of the Goliat FPSO.

- We are naturally disappointed, but our focus now is on winning other new build projects and securing our offshore competence in a challenging market, says Jannik Lindbæk, senior vice president for corporate communication in Aker Solutions.



Aker Solutions was bidding for the job in a constellation with Samsung Heavy Industries.



The engineering would have been be conducted out of Oslo, the topside as well as the integration of topside and hull would have taken place at the Stord yard, utility modules would have been fabricated at the Egersund yard while Samsung Heavy Industries would have built the hull and living quarter. This delivery model, including sub-suppliers, would have generated an estimated 7 000 man years in Norway during the execution of the engineering, procurement and construction contract.



- It is too early comment on how this will affect the future yard capacity in Norway. We will now invite our employee representatives to work with us to get a common understanding of the current challenge, and set the direction going forward, ends Lindbæk.

ENDS

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions’ business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions’ parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and has approximately 22 500 employees and 9 500 contract staff in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. Through its majority-owned holding company Aker Holding AS, Aker controls 40.27 percent of the shares in Aker Solutions, and takes an active role in the development of the company.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akersolutions.com.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)