Aker Solutions - Regulatory Filings 2020

Aker Solutions Secures Maintenance and Modifications Work for ConocoPhillips in Norway

September 11, 2020 - Aker Solutions has secured a three-year contract extension

to an existing framework agreement for work at North Sea fields operated by

ConocoPhillips.

The company will continue as ConocoPhillips' main supplier of maintenance and

modifications work offshore Norway. The agreement runs from January 2021 until

the end of 2023.

The contract value will be determined by future call-offs for maintenance and

modifications work and could range between NOK 300 million and NOK 700 million

per year. The range does not represent a minimum or maximum amount and is

subject to change.

"We look forward to delivering new projects and services to one of the largest

maintenance and modifications portfolios offshore Norway," said Kjetel Digre,

chief executive officer of Aker Solutions.

The work will be managed and executed by Aker Solutions' office in Stavanger and

fabrication yard in Egersund. The agreement will also provide work for the

company's offshore employees.

The contract will be booked as order intake in the third quarter of 2020.

ENDS

Media Contact:

Ivar Simensen, mob: +47 464 02 317, email: [email protected]

Investor Contact:

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

Aker Solutions helps the world meet its energy needs. We engineer the products,

systems and services required to unlock energy. Our goal is to maximize recovery

and efficiency of oil and gas assets, while using our expertise to develop the

sustainable solutions of the future. Aker Solutions employs approximately 13,000

people in more than 20 countries.

Visit akersolutions.com and connect with us on

Facebook (https://www.facebook.com/AkerSolutions/),

Instagram (https://instagram.com/akersolutions/),

LinkedIn (https://www.linkedin.com/company/aker-solutions),

Twitter (https://twitter.com/akersolutions) and

YouTube (https://www.youtube.com/akersolutions).

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

subject to our disclaimer, see https://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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