Aker Solutions - M&A Activity 2017

Aker Solutions Secures Subsea Services Agreement With Statoil

December 14, 2017 - Aker Solutions secured a framework agreement to provide

subsea services for Statoil-operated oil and gas fields offshore Norway.

The contract has a fixed period of five years, starting in the first quarter of

2018, and contains five four-year extension options. Its value depends on the

amount of work ordered by Statoil under the agreement. This is currently

estimated at about NOK 3 billion for the fixed period and will be booked in

fourth-quarter orders.

The agreement provides work for Aker Solutions' services bases in Ågotnes on the

west coast of Norway and Hammerfest, located on the country's northern tip.

"These contracts illustrate the strength of the subsea services presence we have

built across Norway," said Aker Solutions Chief Executive Officer Luis Araujo.

"We look forward to delivering to such a key customer as Statoil and playing a

part in further building Norway's newest oil and gas region in the far north."

The contract scope covers subsea lifecycle services, including offshore

installation and retrieval of equipment, maintenance, engineering and operations

support.

ENDS

Media Contacts:

Bunny Nooryani, tel: +47 67 59 42 71, mob: +47 480 27 575, e-mail:

Stina Kildedal-Johannessen, tel: +47 55 22 28 00, mob: +47 934 12 301, e-mail:

Investor Contact:

Fredrik Berge, tel: +47 22 94 62 19, mob: +47 450 32 090, e-mail:

Aker Solutions is a global provider of products, systems and services to the oil

and gas industry. Its engineering, design and technology bring discoveries into

production and maximize recovery. The company employs approximately 14,000

people in about 20 countries. Go to http://akersolutions.com for more

information on our business, people and values.

This press release may include forward-looking information or statements and is

subject to our disclaimer, see http://akersolutions.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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