Umbilical contract for the CLOV development project

2/1/2011, 9:44 AM (Source: GlobeNewswire)
1 February 2011 - Aker Solutions has signed a contract with Framo Engineering AS
to supply a subsea umbilical and associated equipment for Total's CLOV
development project located in the deepwater Block 17 offshore Angola. The
contract value is approximately NOK 80 million.

Aker Solutions will supply a 10.6 kilometre multiphase power and control
umbilical (MPP umbilical) that will provide all system functions for the Framo
Multiphase Pump Station.

The CLOV development comprises of the Cravo, Lirio, Orquidea and Violeta fields.
A total of 34 subsea wells will be tied back to the CLOV FPSO unit, which has a
processing capacity of 160,000 b/d and a storage capacity of 1.78 million
barrels.

"We are very pleased to sign our first contract with Framo Engineering. This is
a very important award for Aker Solutions and confirms our strong position of
providing umbilicals to the most demanding subsea projects" says Tove Røskaft,
senior vice president of Aker Solutions' umbilical business.

Engineering of the umbilical will be managed out of Aker Solutions' facility in
Oslo, Norway and the MPP umbilical will be manufactured at Aker Solutions'
facility in Moss, Norway. Final deliveries will be made in 2013.

Aker Solutions' contract party is Aker Subsea AS.

ENDS

For further information, please contact:

Media:
Severin Roald, VP communications, Aker Solutions, +47 22 94 55 23, Mob:
+47 92 03 00 33, E-mail:severin.roald@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for this
project, please contact BA Global Sourcing Champion, telephone number found
here:http://www.akersolutions.com/Internet/SuppliersCentre/Contacts/SupplyManage
mentContacts.htm.
Career opportunities:
Visithttp://www.akersolutions.com/Internet/CareerCentre

Notes to editors:
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 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.

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







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Source: Aker Solutions ASA via Thomson Reuters ONE

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