Aker Solutions - M&A Activity 2021

Aker Solutions Formally Signs Heimdal and Veslefrikk Decommissioning Award

December 23, 2021 - Reference is made to the stock exchange announcement on

March 18, 2021 (https://www.akersolutions.com/news/news-archive/2021/aker

-solutions-awarded-work-to-recycle-offshore-platforms-in-norway/), where Aker

Solutions announced receiving a letter of intent for decommissioning work in

Norway. Aker Solutions has now formally signed a sizeable[1] award with Heerema

Marine Contractors.

The scope includes reception, dismantling and recycling of three offshore

installations from the Heimdal and Veslefrikk fields. The objective is to

recycle about 98 percent of the steel and materials.

The award will booked as order intake in the fourth quarter of 2021 in the

Renewables and Field Development segment.

[1]Aker Solutions defines a sizeable contract as being between NOK 200 million

and NOK 700 million.

ENDS

Media Contact:

Odd Naustdal, mob: +47 905 76 079, email: [email protected]

Investor Contact:

Fredrik Berge, mob: +47 450 32 090, email: [email protected]

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.

Visit akersolutions.com and connect with us on

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

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

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