Aker Solutions Three-Yr Extension with Nexen

Maritime Activity Reports, Inc.

June 29, 2010

Aker Solutions secured a three-year contract extension for engineering and construction work with client Nexen Petroleum UK Limited in the UK sector of the North Sea. Aker Solutions estimates the contract value to be approximately $90.2m.

Nexen Petroleum UK Limited is extending the engineering and construction contract with Aker Solutions, releasing an extended option on the existing agreement. The original E&C contract with Nexen was signed in April 2005. Aker Solutions scope of work for Nexen involves engineering, procurement and construction services for Nexen's UK North Sea assets. Work under the extended contract is ongoing and will last until April 2013.

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