SOURCE: Aker Solutions ASA

June 19, 2008 02:00 ET

Aker Solutions awarded drilling equipment contract

LYSAKER, NORWAY--(Marketwire - June 19, 2008) -


19 June 2008 - Aker Solutions has been awarded a contract with Jurong Shipyard Pte. Ltd in Singapore for delivery of a complete drilling system for an ultra deepwater drilling semi-submersible platform. The total contract value for Aker Solutions is approximately USD 209 million.

The scope of work for Aker Solutions is to deliver a complete drilling package consisting of engineering, drilling equipment deliveries, subsea equipment and commissioning services.

"By awarding this seventh drilling equipment contract to Aker Solutions, Jurong Shipyard confirms our ability and competencies to deliver quality drilling equipment packages on schedule. We look forward to continuing our good relationship and work closely with the Jurong team", says Roald Amundsen, President of Aker MH AS.

The ultra deepwater drilling rig is scheduled for delivery in Q4/2011.

The contract party is Aker Solutions' subsidiary Aker MH based in Kristiansand, Norway.

ENDS

For further information, please contact:
Media:
Siw Anett Enerud, communications manager, Aker Solutions. Tel: +47 22
94 71 92, Mob: +47 95193415, email:
siw.anett.enerud@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67
51 30 39, Mob: +47 911 37 194

Career opportunities:
Visit http://www.akersolutions.com/Internet/CareerCentre

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 employs approximately 24 000 people 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. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.

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





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