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Aker Solutions Regulatory Filings 2022

Dec 22, 2022

3531_rns_2022-12-22_ece937a7-b095-4186-a646-869070bfb953.html

Regulatory Filings

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Aker Solutions ASA: Aker Solutions Wins Dvalin North Subsea Contract from Wintershall Dea

Aker Solutions ASA: Aker Solutions Wins Dvalin North Subsea Contract from Wintershall Dea

December 22, 2022 - Aker Solutions has been awarded a sizeble¹ contract from

Wintershall Dea to provide the subsea production system for the Dvalin North

field development, offshore Norway. The development concept is a subsea tie-back

to the Heidrun platform, utilizing existing infrastructure in the region,

ensuring future production volumes with low carbon intensity.

Aker Solutions will deliver a subsea production system including three

horizontal subsea trees and control systems, a four-slot steel subsea template

with an integrated manifold system, three wellhead systems and associated tie-in

and installation work. The scope also covers 10 kilometers of static subsea

umbilicals. The Work starts immediately with final deliveries planned for end

-2025.

"This award demonstrates our strong capabilities in delivering tie-back

solutions to increase production at existing areas in the most efficient and

safe way. The Dvalin North field was the largest discovery in Norway in 2021.

With this award, we will help enable Wintershall Dea to continue to build on its

existing position as one of the largest producers of Norwegian gas at a time

when energy security is critical in Europe," said Maria Peralta, executive vice

president and head of Aker Solutions' subsea business.

About the field

The Dvalin North gas field is located around 200 km off the coast of Northern

Norway, west of Sandnessjøen at a water depth of 420 metres. It is estimated to

contain around 84 million barrels of oil equivalent, and the gas will be

exported via the Polarled pipeline to Nyhamna near Kristiansund in mid Norway.

Dvalin North is scheduled for planned start-up late 2026. Wintershall Dea is

operator of the field with a 55% share. Petoro has 35% and Sval Energi has 10%.

The contract will be booked as order intake in the fourth quarter of 2022 in the

Subsea segment.

[1]Aker Solutions defines a sizeable contract as being between NOK 0.5 billion

and NOK 1.5 billion

ENDS

Media Contact:

Torbjørn Andersen, mob: +47 928 85 542, 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

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