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Aker Solutions signs well service contract with Dong Energy


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Copyright © Thomson Reuters 2012. All rights reserved.
2012-10-02 08:32:57 -

2 October 2012 - Aker Solutions has signed a contract with Dong Energy to
provide well intervention services for the oil company's assets offshore Norway
and Denmark.

Under the contract Aker Solutions will deliver electrical wireline logging
services and wireline tractor services at the oil and gas fields where Dong
Energy operates on the Danish and Norwegian continental shelves.

The contract is valid for two years plus an optional two-year extension (2+2).
Aker Solutions estimates that the contract will generate revenues of
approximately NOK 40 million annually.

Aker Solutions will manage the work from its well intervention service
facilities in Esbjerg, Denmark, and Stavanger, Norway.

"Dong Energy is an exciting company to support as its portfolio of operated
platforms offshore Norway and Denmark is rapidly growing. The Trym and Oselvar
fields offshore Norway came on-stream 
earlier this year, and the Hejre and Solsort developments on the Danish continental shelf is in the pipeline. We are happy that Dong has renewed the trust in our services and look forward to continue supporting them in increasing production and recovery rates from their offshore wells," says Rolf Leknes, who heads up the Scandinavian well intervention services operation in Aker Solutions. Aker Solutions has provided well services to Dong Energy since 2005. Well intervention services are carried out in an oil or gas well, with the objective of maximising production and increasing the recovery rate of oil and gas. The contract is signed and booked as order intake in Q3 2012. Aker Solutions' contract party is Aker Well Service AS. ENDS For further information, please contact: Media: Endre Johansen, VP Corporate Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 416 10 605, 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#1645314]


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