Aker Solutions - Press Release

Aker Solutions wins mooring system contract
for accommodation unit

17 July 2013

Aker Solutions has won a contract to supply a complete Pusnes wire mooring system for a cylindrical-shaped accommodation unit being built at Cosco Nantong Shipyard in China.

The equipment includes three triple wire winches, three control cabins, nine wire fairleads, three hydraulic power units and the accompanying control system. The contract is worth about NOK 40 million.

The wire mooring systems will be commissioned at Cosco Nantong Shipyard in China. Deliveries will take place in May and October 2014. The contract includes an option for a second unit. The accommodation unit will be operated by Logitel Offshore.

"We are very pleased to be working with Cosco Nantong and to supply high quality Pusnes mooring systems to Logitel Offshore," says Leif Haukom, head of Aker Solutions' mooring and loading systems business.

The contract confirms our position as a leading provider of high-end wire mooring equipment," says Haukom.

The equipment has been designed according to the latest standards set by classification society DNV. The wire size and length for the accommodation unit is 90mm x 450m.

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 28 000 people in more than 30 countries. We apply the knowledge and create and use technologies that deliver our customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2012 Aker Solutions had aggregated annual revenues of approximately NOK 45 billion. The company is listed on the Oslo Stock Exchange.

Aker Solutions press release