Aker Solutions Wins Kristin Low Pressure Production (LPP) Modification Contract


Aker Solutions has won a contract to build and install a new compressor module on the Statoil-operated Kristin platform in the Norwegian Sea. The contract value is approximately NOK 900 million.

The purpose of the modification is to increase recovery from the field and accelerate production by adapting the platform to changes in reservoir pressure. Work starts immediately, with a scheduled delivery in Q1 2014.

"We are very pleased to win the Kristin LPP contract. This project is in line with our strategy to be the preferred life-of-field partner through assisting our customers in executing their increased recovery projects," says president for maintenance, modifications and operations in Aker Solutions, Stian Vemmestad.

Aker Solutions has previously carried out front-end engineering design (FEED) for the Kristin LPP modification.

The project will be managed from Aker Solutions' offices in Bergen and executed as a joint effort between Aker Solutions in Bergen, Trondheim and Egersund.

For further information, please contact:

Media:

Mariken Holter,

VP Communications,

Aker Solutions,

Mob: +47 91787358

Suppliers:

For further information about sourcing and potential subcontracts for this project, please visit http://www.akersolutions.com/suppliers

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' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 54 billion and employs approximately 22 000 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.

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