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Aker Solutions Secures Letter of Intent for Gudrun Tie-in to Sleipner

Aker Solutions



Aker Solutions has received a Letter of Intent for Sleipner Modifications Portfolio Agreement and the first project specific agreements therein; engineering, procurement, construction and installation (EPCI) for the Gudrun tie-in to Sleipner. This specific order will be worth approximately NOK 900 million.

The contract in question is expected to be formalised within the next few weeks. Further information will be given when final contract is awarded, at which time the contract will be added to the order backlog of the Energy Development & Services (ED&S) business area.

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 NOK54 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.

Published 14/07/2010

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