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Aker Solutions ASA 6. June 2008 - StatoilHydro has awarded the contract for replacement of cement units on the Gullfaks A and Gullfaks B platforms in the North Sea to Aker Solutions. The EPCIC contract has a value of NOK 147 million with upside to NOK 160 million including option. Project completion is scheduled July 2010.
Aker Solutions will perform all engineering and design work and replace the existing cement units in order to increase equipment capacities and fulfil new requirements and guidelines from StatoilHydro related to working environment and integrated operations. Design and procurement work will start immediately and be performed at the Aker Solutions regional office in Trondheim, Norway. Fabrication activities will start January 2009. The work includes onshore fabrication and offshore installation of 220 tonnes, and removal of 150 tonnes offshore. Offshore work will start early spring 2009. Contract party with StatoilHydro is Aker Offshore Partner AS.
"By awarding this contract to Aker Solutions StatoilHydro show their confidence in our abilities and competencies to execute large modification contracts. We look forward to close cooperation and excellent project execution with the StatoilHydro team" says Tore Sjursen, Senior Vice President of the Aker Solutions Engineering, Maintenance and Modifications business stream.
Maintenance and modifications of the Gullfaks platforms are the responsibility of Aker Solutions as part of the long term contract for such work for the Tampen area with StatoilHydro. Maintenance and modification services are core competencies of Aker Solutions, and is one of the key strategic areas for the company in the North Sea and internationally. Aker Solutions has broad knowledge and experience within this market segment through long term contracts and execution of modification projects for the operating companies in the North Sea.
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.
