Aker Solutions — Regulatory Filings 2022

Dec 2, 2022

Aker Solutions ASA: Aker BP's Board Approves Field Development Projects

Aker Solutions ASA: Aker BP's Board Approves Field Development Projects

December 2, 2022 - Aker BP's board of directors yesterday decided that Aker BP

will vote for the approval of the NOAKA field development project, the Valhall

PWP-Fenris project, the Skarv Satellite project and the Utsira High projects.

Aker BP is the operator of these development projects, which are predominantly

planned to be executed together with Aker BP's alliance partners.

The final decisions to submit the Plan for Development and Operation (PDO) to

Norwegian authorities are scheduled to take place in the respective license

partnerships during the first half of December. If the PDOs are approved by the

respective license partnerships the plan is to submit the PDOs to the

authorities before year-end.

Aker Solutions has through the Aker BP alliance models executed the Front-End

Engineering and Design (FEED) work for these projects over the last year, under

a single source supplier setting. Aker Solutions expects that the abovementioned

projects combined could lead to contract awards worth around NOK 45 billion of

order intake in December 2022, subject to the PDO submission in mid-December

ENDS

Media Contact:

Torbjørn Andersen, mob: +47 928 85 542, email:

torbjorn.andersen@akersolutions.com

Investor Contact:

Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

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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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 considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange release was published by Daniel Ingebricson, Communications,

Aker Solutions, on December 2, 2022 at 07:03 CET.