Aker Solutions secures contracts for offloading systems

26 August 2008 – Aker Solutions has been awarded several contracts for supply of offloading systems. The total contract value for Aker Solutions is approximately NOK 85 million.

The contract awards are from the Joint Venture Euronav/OSG and MODEC International LLC for the supply of offloading systems. The Euronav/OSG contract consists of offloading systems for two Floating Storage and Offloading Units (FSOs). The contract with MODEC is for two offloading systems for a Floating Production and Storage Offloading Unit (FPSO).

The offloading system delivered from Aker Solutions is a configuration of mooring and offloading equipment at the stern/bow of the FSO/FPSO which allows for offshore transfer of crude oil from the FSO/FPSO to a shuttle tanker. The offloading system establishes a safe and secure connection for the hose to the shuttle tanker. This connection can be quickly and safely disconnected in the event of an emergency without creating surge loads in the hose. The system can operate at rates up to 15 000 m3/hr. Aker Solutions developed the offloading system in the 1980s and it has evolved to become the most reliable and trusted system available.

The Euronav/OSG vessels are the world’s largest crude oil tankers. The vessels will be operated by Euronav/OSG after conversion to FSOs. MODEC is converting a tanker to an FPSO at Cosco Shipyard in Dalian, China. The FPSO will be operated for Petrobras off the coast of Brazil.

Delivery of the offloading systems to the FSOs/FPSO will take place within Q1 and Q2 of 2009.

The contract party is Aker Solutions’ subsidiary Aker Pusnes AS.

Photo can be downloaded below.
Photo caption: Safe and efficient tandem loading at the Espadarte Sul Field offshore Brazil with Aker Solutions Offshore Loading System

ENDS

For further information, please contact:

Media:
Siw Anett Enerud, communications manager, Aker Solutions. Tel: +47 22 94 71 92, Mob: +47 95193415, email: [email protected]

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Career opportunities:
Visit https://www.akersolutions.com/Internet/CareerCentre

Aker Solutions ASA, through its subsidiaries and affiliates (“Aker Solutions”), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions’ business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions’ parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 24 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.
This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com