Aker Solutions Secures Maintenance and Modifications Work for Aker BP

16 Dec 2022 07:01 CET

December 16, 2022 - Aker Solutions has signed a two-year contract extension for
maintenance and modifications work for Aker BP's operated field centers Valhall,
Ula, Alvheim and Skarv offshore Norway.

The awarded work follows the existing contract where Aker Solutions and Aker BP
work under a joint maintenance and modifications alliance model and has a fixed
period of two years from December 2022 to December 2024.

"We are happy to continue our long-standing relationship with Aker BP. In
collaboration with Aker BP, our alliance-model has a proven track-record of
delivering safe, efficient, and reliable operations. With a strong emphasis on
continuous improvements including increased use of digital solutions, we work
together to find the most cost-effective solutions for these fields," said Paal
Eikeseth, executive vice president and head of Aker Solutions' Electrification,
Maintenance and Modifications business.

Aker Solutions will book the award as a substantial[1] order intake in the
fourth quarter of 2022, in the Electrification, Maintenance and Modifications
segment, representing an estimate of the work to be called off during the two
-year fixed period.

[1]Aker Solutions defines a substantial contract as being between NOK 2.5
billion and NOK 4.0 billion

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 15,000
people in more than 20 countries.

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

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange release was published by Daniel Ingebricson, Communications,
Aker Solutions, on December 16, 2022 at 07:01 CEST.

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