Aker Solutions - Regulatory Filings 2020

Aker Solutions Secures Brownfield Services Contract for Hebron Platform in Canada

July 28, 2020 - Aker Solutions has secured a five-year contract extension from

ExxonMobil Canada Properties for the provision of engineering, procurement and

construction (EPC) services for the Hebron platform, offshore Newfoundland.

The contract is an extension for a 5-year period, starting in the summer of

2020. Aker Solutions has provided EPC services to Hebron since 2015. The work

will be led from Aker Solutions' premises in St. John's, Newfoundland and

Labrador.

Aker Solutions estimates the contract value to be NOK 1.4 billion, which will be

booked as order intake in the third quarter of 2020.

"We are delighted to be extending our strong relationship with ExxonMobil in

Canada, and to further strengthen the international footprint of our brownfield

services business," says Linda Aase, executive vice president, brownfield

projects, at Aker Solutions.

ENDS

Media Contact:

Ivar Simensen, mob: +47 464 02 317, 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 15,000

people in more than 20 countries.

Visit akersolutions.com and connect with us on

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

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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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