Aker Solutions - Regulatory Filings 2023

Aker Solutions ASA: Aker Solutions wins another umbilicals contract for Azule Energy in Angola

August 03, 2023 - Aker Solutions has been awarded a sizeable[1] contract from

Azule Energy to provide subsea umbilicals for the Ndungu project in Angola.

The contract includes delivery of eight infield umbilicals including spares

totalling over 25 kilometers in length. Project execution, engineering, and

manufacturing will take place at the Aker Solutions facility in Fornebu and

Moss, Norway. The work will begin immediately, and delivery is planned for the

fourth quarter of 2024.

The Ndungu field is part of Azule Energy Agogo Integrated West Hub project in

Block 15/06 in Angola, where Aker Solutions recently was awarded an umbilicals

contract for the Agogo field development.

"We are very pleased to have been awarded another important contract by Azule

Energy in Angola. We look forward to continuing our strong relationship by

maintaining our focus on safe and efficient 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 2023 in the

Subsea segment.

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

1.5 billion.

ENDS

Media Contact:

Hallvard Norum, mob: +47 913 80 820, email: [email protected]

Investor Contact:

Preben Ørbeck, mob: +47 470 10 611, 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 16,000

people in more than 20 countries.

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

subject to our disclaimer, see https://akersolutions.com

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