Aker Solutions — Regulatory Filings 2022

Aug 11, 2022

Aker Solutions to Provide Subsea Production System for the Trell & Trine Development

Aker Solutions to Provide Subsea Production System for the Trell & Trine Development

August 11, 2022 - Aker Solutions has been awarded a sizeable[1] contract from

Aker BP to provide the subsea production system for the Trell & Trine field

development, located in the Alvheim area of the North Sea. The development

concept is a subsea tie-back to the Alvheim FPSO, using existing facilities and

infrastructure.

Aker Solutions will deliver a subsea production system including three

horizontal subsea trees, two manifolds, control systems, close to 30 kilometers

of subsea umbilicals, as well as associated equipment and installation work. The

work will start immediately with final deliveries scheduled for the first

quarter of 2024.

"This award continues our long-standing collaboration with Aker BP and Subsea 7

in the Aker BP Subsea Alliance. The partnership enables Aker Solutions to engage

early in the field development process, optimizing design solutions and

contributing to a positive final investment decision. We look forward to

continuing our alliance with Aker BP and Subsea 7, with a continued focus on

safe, efficient, and reliable operations," said Maria Peralta, executive vice

president and head of Aker Solutions' Subsea business.

The contract will be booked as order intake in the third 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:

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 14,000

people in more than 20 countries.

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

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