Aker Solutions to Lease New Office Building in Fornebu

10 October 2013

Illustrations: Dark Arkitekter / Luxigon

Aker Solutions agreed today to lease a building in Fornebu for an initial 12 years, starting in 2016, to expand its office space capacity near Oslo.

The property is under construction and will contain about 32,000 square meters of office and common-area space on completion. Aker Solutions already has long-term leases for two nearby office buildings, including its main office. The company may extend the rental period for the new building by as many as 10 years.

Aker Solutions will lease the building from Fornebuporten AS, a subsidiary of Aker ASA, which indirectly owns 28 percent of Aker Solutions. Aker Solutions has handled the rental agreement as a related-party transaction because of Aker ASA's ownership interests in Fornebuporten and Aker Solutions.

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 28 000 people in more than 30 countries. We apply the knowledge and create and use technologies that deliver our customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2012 Aker Solutions had aggregated annual revenues of approximately NOK 45 billion. The company is listed on the Oslo Stock Exchange.

Aker Solutions press release