Aker Solutions Wins Troll FEED Contract With EPCI Option From Statoil

September 21, 2017 - Aker Solutions won a contract from Statoil for front end engineering and design of a module that will increase output at Troll, one of Norway's largest Natural Gas fields.

The order includes an option for engineering, procurement, construction and installation of the module, which will receive and process gas from the Troll West field before it is exported to the onshore Kollsnes facility near Bergen in Norway. The module will be installed on the Troll A platform in the North Sea.

"We're excited to start working on the next phase of this important development and look forward to collaborating with Statoil to optimize value from this field," said Aker Solutions Chief Executive Officer Luis Araujo.

The Troll field, located about 65 kilometers west of Kollsnes, contains around 40 percent of Norway's offshore gas reserves. Production from the field is expected to continue beyond 2050. 

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

ENDS

Media Contact:
Stina Kildedal-Johannessen, tel: +47 55 22 28 00, mob: +47 934 12 301, e-mail: stina.kildedal-johannessen@akersolutions.com

Investor Contact:
Fredrik Berge, tel: +47 22 94 62 19, mob: +47 450 32 090, e-mail: fredrik.berge@akersolutions.com

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries. Go to http://akersolutions.com for more information on our business, people and values.

This press release may include forward-looking information or statements and is subject to our disclaimer, see http://akersolutions.com