August 03, 2023 - Aker Solutions has been awarded a sizeable[1] contract from
Azule Energy to provide subsea umbilicals for the Ndungu project in Angola.

The contract includes delivery of eight infield umbilicals including spares
totalling over 25 kilometers in length.  Project execution, engineering, and
manufacturing will take place at the Aker Solutions facility in Fornebu and
Moss, Norway. The work will begin immediately, and delivery is planned for the
fourth quarter of 2024.
The Ndungu field is part of Azule Energy Agogo Integrated West Hub project in
Block 15/06 in Angola, where Aker Solutions recently was awarded an umbilicals
contract for the Agogo field development.
"We are very pleased to have been awarded another important contract by Azule
Energy in Angola. We look forward to continuing our strong relationship by
maintaining our focus on safe and efficient 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 2023 in the
Subsea segment.
[1]Aker Solutions defines a sizeable contract as between NOK 0.5 billion and NOK
1.5 billion.

ENDS

Media Contact:
Hallvard Norum, mob: +47 913 80 820, email: hallvard.norum@akersolutions.com

Investor Contact:
Preben Ørbeck, mob: +47 470 10 611, email: preben.orbeck@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 16,000
people in more than 20 countries.

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