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Aker Solutions awarded Moho contract


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-03-25 08:12:57 -

25(th) March 2013 - Aker Solutions, the international oil services provider, has
received a Letter of Award from Total for the delivery of a subsea production
system for the Moho Nord project in the Republic of the Congo. The contract
value is approximately NOK 4.9 billion (USD 850 million).

The Moho Nord project, located approximately 75 km off the coast of the Republic
of the Congo, consists of the two developments Moho Nord and Moho Bilondo 1bis.
Aker Solutions and Total will run both developments as one integrated project.

Scope of work within the contract includes the delivery of 28 vertical subsea
trees including wellhead systems, 2 installation and workover control systems,
7 manifold structures, subsea control and tie-in systems. The contract also
contains options related to Moho Nord which 
Total may exercise. "This is a major contract award for Aker Solutions. We are investing and growing internationally and Aker Solutions is committed to developing the oil and gas industry in the Republic of the Congo through knowledge sharing and local content," says Alan Brunnen, head of Aker Solutions' subsea business area. The project will utilise Aker Solutions' new vertical tree technology. The workover technology has been developed as part of the Skandi Aker/Tulip project for Total. Management, engineering and procurement will primarily be performed at Aker Solutions' headquarters in Fornebu, Norway. The subsea trees and the workover systems will be manufactured at the Tranby manufacturing centre, outside Oslo. The production of the manifolds will be carried out at Aker Solutions' facility in Egersund on the west coast of Norway, while the facility in Aberdeen in the UK will deliver the control systems and the wellheads. Moho Nord and Moho Bilondo 1bis are part of the Moho-Bilondo oil field which was commissioned in April 2008 for commercial production. It is the first deepwater offshore field of the Republic of the Congo at water depths ranging between 600 to 1050 metres. Aker Solutions will also establish a service base together with Total in Pointe Noire which is the second largest city in the Republic of the Congo. Aker Solutions and Total expect that 40 people will be employed at the base. The first deliveries of the Moho subsea production system will be made in the second quarter of 2014. ENDS For further information, please contact: Media: Severin Roald, Vice President Communications, Aker Solutions. Tel: +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@akersolutions.com Investor relations: Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail: lasse.torkildsen@akersolutions.com Suppliers: For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers Career opportunities: Visit  www.akersolutions.com/careers Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field. Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 25 000 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their customers' solutions. Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 billion. The company is listed on the Oslo Stock Exchange. This press release may include forward-looking information or statements and is subject to our disclaimer, see www.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 Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Aker Solutions ASA via Thomson Reuters ONE [HUG#1687823]


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