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Aker Solutions secures five year MMO frame agreement


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-01-14 08:33:19 -

14 January 2013 - Aker Solutions has secured an important five year frame
agreement for the execution of contracts across Talisman Sinopec Energy UK Ltd's
brownfield projects on the UK continental shelf.

Although the contract contains no firm spending commitment, the anticipated
multi-million pound agreement cements the long standing relationship between the
two organisations.

Mike Forbes, UK managing director of Aker Solutions maintenance, modifications
and operations (MMO) business said: "Talisman Sinopec Energy UK Ltd is embarking
on an exciting phase in its development and we are delighted to have been
selected for this agreement."

With a significant pipeline of projects within Talisman Sinopec Energy UK Ltd's
portfolio, today's announcement reinforces Aker Solutions' strategic objective
of growing its business in the UK.

"This agreement allows us to work closely with the customer to ensure 
that we plan for the successful delivery of projects in the longer term," says Mike Forbes. Aker Solutions' contract party is Aker Offshore Partner Ltd. ENDS For further information, please contact: Media: Endre Johansen, VP Corporate Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 41 61 06 05, E-mail: endre.johansen@akersolutions.com Investor relations: Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194 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 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#1669830]


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