AKER SOLUTIONS ASA January 15, 2020 -Aker Solutions has secured a front-end engineering (FEED) study fromEquinor to enable power from shore for the Troll B and C platforms, to reduce CO2 emissions from the field. The contract includes an option for the engineering, procurement, construction and installation (EPCI) work following the completion of the study. The study will outline how installation of electrical equipment on Troll B and C, as well as replacement from gas turbine to electrical driven compressors on Troll C can be performed. This will enableEquinor's goal of supplying Troll B and C with electricity by power cables from Kollsnes outside Bergen on the west coast ofNorway . The transition to onshore power could reduce CO2 emissions from Troll B and C by about 450,000 metric tons per year. "We are delighted to have secured a major electrification project for an existing offshore production facility on the Norwegian Continental Shelf," saidLuis Araujo , chief executive officer ofAker Solutions . "Our ambition is to generate 25 percent of our revenue from low carbon solutions such as electrification by 2030. The electrification of Troll B and C is a great example of how we are executing on our strategy and helping operators to reduce emissions significantly." The FEED study for Troll B and C is expected to be delivered in the second half of 2020. The Troll field lies about 65 kilometers outside Bergen onNorway's west coast. The field has been operating since 1995 and represents about 40 percent of total gas reserves on the Norwegian Continental Shelf. ENDS Media Contact:Ivar Simensen , mob: +47 464 02 317, email: ivar.simensen@akersolutions.com Investor Contact:Fredrik Berge , mob: +47 450 32 090, email: fredrik.berge@akersolutions.comAker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future.Aker Solutions employs approximately 16,000 people in more than 20 countries. Visit akersolutions.com and connect with us on Facebook (https://www.facebook.com/AkerSolutions/), Instagram (https://instagram.com/akersolutions/), LinkedIn (https://www.linkedin.com/company/aker-solutions), Twitter (https://twitter.com/akersolutions) and YouTube (https://www.youtube.com/akersolutions). This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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