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Select Aker Solutions operations in Australia to transfer to Jacobs Engineering Group

Aker Solutions has announced that it has signed an agreement to transfer ownership of a number of its operations within its Process and Construction business area to Jacobs Engineering Group (Jacobs).

Jacobs is one of the world’s largest and most diverse providers of technical, professional and construction services. Included in the transaction is Aker Solutions Australia, which has operations in Melbourne, Adelaide, Perth and Brisbane.

These Australian operations provide engineering, procurement, construction and consultancy services to the mining and metals, and onshore oil, gas and process industries.

"This is the beginning of an exciting new chapter for our operations," said Tom Quinn, regional Senior Vice President, Australia and Asia Pacific, Aker Solutions – Process & Construction business area. "We are joining forces with a company with which we have great synergy and common values and culture. We share a passion and deep commitment to safety and robust, long term client relationships. With the broader resource base and deeper service offerings resulting from this integration, we can bring even greater services and support to our clients," he added.

The acquisition is subject to the relevant regulatory approvals and the parties aim to complete the transaction in the first calendar quarter 2011.

The future Aker Solutions will be a fully-fledged provider of engineering, technologies, solutions and services for the upstream oil and gas industry. Its range of offerings will include deepwater drilling technologies, subsea oil and gas production systems, well services, mooring and offloading systems, wellstream processing technologies, as well as life-of-field solutions through its maintenance, modification and operations business.

In Australia, Aker Solutions currently has a presence of approximately 120 dedicated oil and gas employees,through its facilities in Perth, Western Australia.

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