Aker Solutions will provide an underwater production system for the development of Trell & Trine

August 11, 2022 - Aker Solutions has been awarded a sizeable[1] contract from
Aker BP to provide the subsea production system for the Trell & Trine field
development, located in the Alvheim area of the North Sea. The development
concept is a subsea tie-back to the Alvheim FPSO, using existing facilities and
infrastructure.

Aker Solutions will deliver a subsea production system including three
horizontal subsea trees, two manifolds, control systems, close to 30 kilometers
of subsea umbilicals, as well as associated equipment and installation work. The
work will start immediately with final deliveries scheduled for the first
quarter of 2024.

"This award continues our long-standing collaboration with Aker BP and Subsea 7
in the Aker BP Subsea Alliance. The partnership enables Aker Solutions to engage
early in the field development process, optimizing design solutions and
contributing to a positive final investment decision. We look forward to
continuing our alliance with Aker BP and Subsea 7, with a continued focus on
safe, efficient, and reliable 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 2022 in the
Subsea segment.

[1]Aker Solutions defines a sizeable contract as being between NOK 0.5 billion
and NOK 1.5 billion


ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email:
torbjorn.andersen@akersolutions.com

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

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 14,000
people in more than 20 countries.

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