The new contract means an expansion of the more than 40 years of cooperation in the North Sea.

'We are excited to build on our strong relationship with Equinor,' said Linda Litlekalsøy Aase, executive vice president, electrification, maintenance and modifications at Aker Solutions. 'Together we will ensure safe and successful operations in Brazil, work to extend the lifetime of Equinor´s assets and find low-carbon solutions where possible.'
Brazil is a vital market where Aker Solutions sees opportunities for several types of deliveries. The company's strategy is to use its subsea manufacturing facilities in the country as a hub to serve both local projects and international developments.

In recent years, Aker Solutions has won several subsea contracts from Equinor, where parts of the subsea equipment are manufactured in Brazil. This includes projects such as Johan Castberg, Troll and Breidablikk in Norway.
The value of the frame agreement depends on the amount of work requested by the client. Orders will be booked as they are received. No order intake will be booked at this stage.

ENDS

Media Contact:
Cathrine Gjertsen, mob: +47 99 49 25 37, email: cathrine.gjertsen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker 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 15,000 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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Aker Solutions ASA published this content on 23 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2020 06:04:08 UTC