May 18, 2022

Aker Solutions will supply a subsea production system for the Mero 4 project in Brazil

Oslo, Norway, November 18, 2021 /PRNewswire/ — Aker Solutions received a substantial award1 contract by Petrobras to provide a subsea production system and associated services for the Mero 4 offshore project Brazil. This is the fourth consecutive production system for the development of the Mero field, one of the largest oil discoveries in from Brazil pre-salt zone.

The company will provide an underwater production system comprising up to 13 vertical underwater shafts designed to from Brazil pre-salt, including subsea distribution units, subsea control modules and main control station for control systems and surface, and related connection equipment.

Aker Solutions’ underwater manufacturing plant in São José dos Pinhais and its underwater services base in Rio das Ostras will carry out the bulk of the work. Work begins immediately, with installation scheduled between 2023 and 2025.

“We are delighted to be awarded another subsea production system contract by the Libra Consortium, which reinforces the long-standing relationship between Petrobras and Aker Solutions. By executing and delivering this important new project, we look forward to supporting Petrobras’ ambition in the pre-salt region and contributing to the development of Brazil,” noted Maria Peralta, Executive Vice President and Head of Underwater Activities at Aker Solutions.

“Aker Solutions has been present in Brazil for more than four decades and we are committed to continuing to provide our services to help Petrobras maximize the potential of its fields in the safest, most efficient and sustainable way possible,” said Peralta.

About the project

The Mero field is an ultra-deep pre-salt field development. It is located in the northwest area of ​​the Libra Block in the Santos Basin, approximately 180 kilometers south of Rio de Janeiro, off the coast Brazil.

The Mero field is subject to a production sharing agreement with a consortium made up of Petrobras as operator (40%), in partnership with Shell Brasil (20%), TotalEnergies (20%), CNOOC Limited ( 10%) and CNODC (10%). The Consortium also has the participation of the public company Pré-Sal Petróleo SA (PPSA), as manager of the Production Sharing Contract.

The contract will be recognized as order intake in the fourth quarter of 2021 in the Subsea segment.

1Aker Solutions defines a substantial contract as being between NOK 700 million and NOK 1.2 billion.

Media Contact:

Torbjørn Andersen, mobile: +47 928 85 542, e-mail: [email protected]

Investor contacts:

Fredrik Berge, mobile: +47 450 32 090, e-mail: [email protected]

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SOURCEAker Solutions ASA