Aker Solutions — Regulatory Filings 2023

Sep 19, 2023

Aker Solutions secures extension of Maintenance and Modifications contract for the Nyhamna facility

Aker Solutions secures extension of Maintenance and Modifications contract for the Nyhamna facility

September 19, 2023 - Aker Solutions has secured a sizeable1) contract from Shell

to provide brownfield modifications services and maintenance support for the

Nyhamna facility in Norway.

Shell, as technical service provider to Gassco, has executed an option to extend

a framework agreement for another four years, or until September 2028. The scope

of the contract includes maintenance and modification services on the onshore

Nyhamna natural gas processing plant in Aukra. The plant serves the Ormen Lange

field and is connected to the Polarled pipeline in the Norwegian Sea.

Aker Solutions has, since 2007, delivered projects and provided services to the

Nyhamna facility, where gas first arrives onshore before it transports to the

UK.

"This contract will be included in our already strong backlog built on long-term

customer relations. We're pleased that Shell is giving us renewed trust to be

its main contractor on this significant facility, and look forward to continuing

the successful collaboration," said Paal Eikeseth, executive vice president and

head of Life Cycle, Aker Solutions.

The contract is of significance to the over 150 Aker Solutions' employees in

Kristiansund.

"This extension secures work for our employees on site at Nyhamna, our

engineering office in Kristiansund, and it will provide ripple effects to local

subcontractors and others," said Eikeseth.

The contract will be booked as part of Aker Solutions' third-quarter order

intake.

1) Aker Solutions defines a sizeable contract as between NOK 0.5 billion and NOK

1.5 billion.

ENDS

Media Contact:

Ruth Lycke, mob: +47 906 65 931, email: ruth.lycke@akersolutions.com

Investor Contact:

Preben Ørbeck, mob: +47 470 10 611, email: preben.orbeck@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 16,000

people in more than 20 countries.

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