This has been announced at a public bid opening in Brazil. Aker Solutions' bid stands at 195 million Euros.

Standard procedure is that the company with the lowest bid enters technical clarifications and commercial negotiations with Petrobras. It is expected that this process will take a couple of months, and that a contract could be signed during Q2 2010.

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and has approximately 22 500 employees and 9 500 contract staff in about 30 countries.

(Press release)

Rolleiv Solholm