Aker Solutions selected by Marine Well Containment Company to provide subsea equipment for expanded containment system

Aker Solutions announced today that it has been selected for the design, procurement, and fabrication of the subsea containment and diverter assembly for the expanded containment system being developed by Marine Well Containment Company (MWCC). Contract value is undisclosed.

Marine Well Containment Company (MWCC) is a not-for-profit, stand-alone organisation committed to improving capabilities for containing a deepwater well control incident in the U.S. Gulf of Mexico. Members include ExxonMobil, Chevron, ConocoPhillips, Shell, BP, Apache, Anadarko, BHP Billiton, Statoil and Hess.

MWCC’s expanded containment system is being engineered for use in the U.S. Gulf of Mexico in water depths up to 10 000 feet (3 000 metres) and will have the capacity to contain 100 000 barrels of liquid and 200 million cubic feet of gas per day and is designed for a 15 000 psi maximum working pressure.

"We are pleased to assist MWCC in the development of its expanded containment system" says Erik Wiik, President, Subsea North America, Aker Solutions. "This is also a testament to the experience and performance of Aker Solutions’ employees in Houston, Texas"

Aker Solutions will provide the subsea containment assembly equipped with a suite of adapters and connectors to interact with various interface points consistent with the well designs and equipment typically used by oil and gas operators in the U.S. Gulf of Mexico.

Engineering and project management for the containment and diverter assembly will be provided from Aker Solutions’ Houston office. Aker Solutions’ contract party is Aker Subsea Inc.

The contract has been signed and booked as order intake in Q2 2011.

ENDS

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry. 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 47 billion and employs approximately 20 000 people in about 26 countries. These figures include Aker Solutions’ wholly owned subsidiary Kvaerner, which will be de-merged and listed on Oslo Stock Exchange in July 2011.

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