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Aker Solutions Establish London Hub

Maritime Activity Reports, Inc.

June 7, 2012

Norway's Aker Solutions establishes 1,700-strong engineering hub in London as growth in global oil and gas markets drives demand for the company's technologies and services

UK Prime Minister David Cameron said: "Aker Solutions' decision to create 1300 new jobs at a new engineering hub in Chiswick is great news for the local economy and it is a vote of confidence in the skill, expertise and professionalism of our engineering sector."

"Aker Solutions now employ more than 3000 people across the UK and recently announced 500 new jobs in Aberdeen. Their expansion here is testament to the increasing depth and strength of our partnership with Norway across the spectrum of energy issues which helps to ensure that we keep household energy bills as affordable as possible for families across the country," adds Prime Minister Cameron.

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry, and is listed on the Oslo stock exchange. The company, which employs more than 3000 people in the UK, opened a new office in Chiswick Park, West London, last year. The start-up phase has been highly successful.

The London office is today working on high profile field development projects, including the topside FEED (front-end engineering and design) study for Statoil's Mariner field in the UK North Sea and a FEED contract for Det norske oljeselskap's Draupne field on the Norwegian continental shelf.

The London office was set up to be a global engineering hub to support field development projects for the North Sea and worldwide. In the new, expanded office, Aker Solutions will be present with several other business areas, including subsea, drilling technologies and well intervention services.




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