STEP Offshore Wins Mud Mixing Equipment Contract with STX Offshore & Shipbuilding


STEP Offshore, a wholly-owned subsidiary of Aker Solutions, has won a contract from South Korea's STX Offshore & Shipbuilding Co., LTD ("STX") to supply equipment for a new, dynamically positioned ultra-deepwater Globetrotter-class drillship. The owner of the ship is Noble Corporation (NYSE: NE).

STEP Offshore will supply equipment for mud mixing, circulation and transfer, bulk storage and transport as well as an advanced control system, to ensure high performance and industry leading HSE standards. The contract value is undisclosed.

"We are very proud to be awarded this contract by STX", says Pål Eriksen, President of STEP Offshore. "We look forward to working with STX on this second project. This once again proves we are the preferred partner for critical drilling fluid management applications."

The ship will be built by STX at their state-of-the-art facility in Dalian, China, and then the unit will be transferred to the Netherlands for the installation and commissioning of the topside equipment.

STEP Offshore's equipment will be delivered in the second half of 2011.

For further information, please contact:

Media:

Ivar Simensen,

VP Communications,

Aker Solutions.

Tel: +47 67 59 41 90,

Mob: +47 46 40 23 17,

E-mail: ivar.simensen@akersolutions.com

STEP Offshore:

Karina du Menil Sander,

Public Relations contact:

STEP Offshore AS,

Tel: +47 943 93 984

or email: karina.sander@akersolutions.com

About Aker Solutions
Aker Solutions is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Solutions comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation.

The parent company in the group is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and has approximately 22 500 employees and 9 500 contract staff 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-resources industries. The Aker companies share a common set of values and long traditions 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.

About STEP Offshore
STEP Offshore, a subsidiary of Aker Solutions, is a leading supplier of high quality drilling fluid management solutions for oil and gas applications. The company is located just outside Oslo in Norway. Typical STEP Offshore deliveries are automated systems to semi submersible drilling rigs, drill ships, jack ups and land rigs, both new builds and upgrades.

About STX Offshore & Shipbuilding
STX Offshore & Shipbuilding is a South Korean shipbuilding company. It is the world's fourth largest shipbuilder, owning STX Europe, Europe's largest shipbuilding group. It has built about 700 ships over the last 40 years in Busan and Jinhae.

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