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4-Traders Homepage  >  Equities  >  Oslo Bors  >  Akastor ASA    AKA   NO0010215684

AKASTOR ASA (AKA)
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AKER SOL : Aker Solutions to conduct FEED study for Statoil's Mariner field

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07/12/2011 | 09:10am CEST

12 July 2011 - Aker Solutions has won a contract to conduct the topside FEED (front-end engineering and design) study for Statoil on the Mariner field on the UK continental shelf in the North Sea. The contract value is approximately NOK125 million.

The study will be delivered in the summer of 2012, after which the customer may proceed with the final investment decision.  

"We are pleased to have won another important topside FEED study from Statoil. The Mariner field presents an exciting opportunity on the UK shelf, which suits our strategy of boosting our presence in the UK further," says Valborg Lundegaard, executive vice president of Aker Solutions' engineering business. 

The engineering and design work will be carried out from Aker Solutions' engineering hub in Oslo, together with engineers from the drilling technologies business in Kristiansand, Norway.  

Aker Solutions is also strengthening its UK engineering capacity, hiring experienced engineering professionals to its London office, which could offer future support for the Mariner project. 

ENDS

For further information, please contact: 

Media:

Ivar Simensen, VP Communications, Aker Solutions. Tel: +47 67 59 41 90,

Mob: +47 46 40 23 17 

Investor relations:

Astrid Thommesen Sæbø, VP Investor Relations, Aker Solutions. Tel: +47 22 94  63 37, Mob: +47 48 17 00 35

Suppliers:

For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers

Career opportunities:

Visit http://www.akersolutions.com/careers

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global oil services company that provides engineering services, technologies, product solutions and field-life solutions for the oil and gas industry. 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 35 billion and employs approximately 17 000 people in about 30 countries.  

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

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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 21,1  NOK
Spread / Average Target 30%
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NameTitle
Karl Erik Kjelstad Chief Executive Officer
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Leif Hejø Borge Chief Financial Officer
Øyvind Eriksen Director
Sarah Elizabeth Ryan Director
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