Aker Solutions ASA - Financial and Strategic Analysis Review

Published by: Global Markets Direct

Published: Dec. 31, 2009 - 88 Pages

Table of Contents

List of Tables

List of Figures

Aker Solutions ASA - Key Facts

Aker Solutions ASA - Business Description

Business Description - Energy Development & Services (ED&S)

Energy Development & Services (ED&S) - Overview

Energy Development & Services (ED&S) - Production

Energy Development & Services (ED&S) - Financials

Energy Development & Services (ED&S) - Capital Expenditure

Energy Development & Services (ED&S) - Market View

Energy Development & Services (ED&S) - Key Strategies

Business Description - Process & Construction (P&C)

Process & Construction (P&C) - Overview

Process & Construction (P&C) - Production

Process & Construction (P&C) - Financials

Process & Construction (P&C) - Capital Expenditure

Process & Construction (P&C) - Market View

Process & Construction (P&C) - Key Strategies

Business Description - Products & Technologies (P&T)

Products & Technologies (P&T) - Overview

Products & Technologies (P&T) - Production

Products & Technologies (P&T) - Financials

Products & Technologies (P&T) - Capital Expenditure

Products & Technologies (P&T) - Market View

Products & Technologies (P&T) - Key Strategies

Business Description - Subsea

Subsea - Overview

Subsea - Production

Subsea - Financials

Subsea - Capital Expenditure

Subsea - Market View

Subsea - Key Strategies

Aker Solutions ASA - Major Products and Services

Aker Solutions ASA - History

Aker Solutions ASA - SWOT Analysis

SWOT Analysis - Overview

Aker Solutions ASA - Strengths

Strength - First Gas from KG-D6 Subsea Development

Strength - Pioneer LNG Project

Strength - Wide Portfolio of Proven Solutions

Aker Solutions ASA - Weaknesses

Weakness - Decrease in Order Intake and Backlog

Weakness - Declining Operating Margin

Weakness - Limited Liquidity Position

Aker Solutions ASA - Opportunities

Opportunity - Strategic Agreements

Opportunity - Sakhalin 1 Gravity Base Structure

Opportunity - Demand of Maintenance and Up-Gradation of Pipeline

Aker Solutions ASA - Threats

Threat - Impact of Financial Crisis on Projects

Threat - Socio Political Environment

Aker Solutions ASA - Key Competitors

Aker Solutions ASA - Key Employees

Aker Solutions ASA - Key Employee Biographies

Aker Solutions ASA - Company Statement

Aker Solutions ASA - Locations And Subsidiaries

Head Office

Other Locations & Subsidiaries

Aker Solutions ASA - Financial Ratios

Financial Ratios - Capital Market Ratios

Financial Ratios - Annual Ratios

Financial Ratios - Interim Ratios

Financial Ratios - Ratio Charts

Recent Developments

License Awards

Jun 02, 2009: Aker Solutions Granted Engineering License In China

Strategy and Business Expansion

Aug 05, 2009: Linc Energy Signs GTL Engineering Agreement With Aker Solutions

Jul 01, 2009: Aker Solutions Opens Manufacturing Facility For Surface Trees And Wellheads In Batam, Indonesia

Jun 15, 2009: Aker Solutions Opens New Manufacturing Facility In Pickering, Ontario

Jun 04, 2009: Aker Solutions Sets Up Geo Business In Australia

Mar 27, 2009: Aker Solutions And Well Processing Team Up For Subsea Water Treatment And Injection

Mar 12, 2009: Aker Solutions Signs Partnership Agreement With ACEC

Sep 12, 2008: Aker Announces Organizational Changes In Subsea Business Areas

Sep 05, 2008: Aker Opens New Operation Centre In Vung Tau, Vietnam

Jul 18, 2008: Aker And SES Enter Into Engineering Agreement

Jul 01, 2008: ScottishPower Consortium Qualifies For Government's CCS Competition

Jun 17, 2008: Aker Opens Drilling Risers Facility In Brazil

Jun 03, 2008: Aker Opens New Operations Base In Australia

May 26, 2008: Aker Begins New Facility For Buoyancy Production In Malaysia

Apr 17, 2008: Aker Signs Alliance Partner Contract In Germany

Mar 31, 2008: Aker Kvaerner Streamlines Operations

Jan 24, 2008: Aker To Build Carbon Capture Facility

Jan 24, 2008: Aker Kvaerner Expands CO2 Capturing Business

Drilling and Production Updates

Sep 22, 2008: Aker Announces Oil Production From RIL’s MA-D6 Field In Bay Of Bengal, Offshore India

New Contracts Announcements

Nov 13, 2009: ExxonMobil Extends Maintenance And Modification Contract With Aker Solutions

Nov 10, 2009: Aker Solutions lands major power project from TransCanada

Oct 23, 2009: Aker Solutions Wins Two Subsea Contracts From StatoilHydro

Oct 23, 2009: Aker Solutions Wins $5 Million Worth Equipment Supply Contract In Vietnam

Oct 21, 2009: Aker Solutions Wins NOK82 Million Worth Equipment Supply Contract From Noble

Oct 15, 2009: Aker Solutions Wins $5 Million Contract For Supply Of Subsea Equipment In Vietnam

Oct 12, 2009: Aker Solutions' Subsidiary Bags Well Service Contract From BP

Oct 06, 2009: Aker Solutions lands EPCM services contract for Toromocho Project

Oct 01, 2009: Aker Solutions Wins NOK300 Million Worth Gorgon Project MEG Contract

Sep 23, 2009: Aker Solutions lands Subsea installation contract

Sep 23, 2009: Aker Solutions Wins Subsea Installation Contract From BP America

Sep 21, 2009: Aker Solutions Wins Well Service Contract From BP

Sep 16, 2009: Aker Solutions lands Goliat subsea contract

Sep 16, 2009: Aker Solutions Bags NOK2.3 Billion Worth Goliat Subsea Contract From Eni Norge

Sep 09, 2009: Aker Solutions scoops contact for Staatsolie refinery expansion project

Sep 09, 2009: Aker Solutions Wins PMC Contract For Staatsolie's Refinery Expansion Project In Suriname

Aug 28, 2009: Aker Solutions Receives Biomass Plant Construction Contract From Gaia Power

Aug 18, 2009: Aker Solutions lands oil refinery project in India

Jul 08, 2009: Aker Solutions Signs Contract With Maersk FPSOs For Installation Work At Peregrino Field, Brazil

Jun 10, 2009: Aker Solutions Wins NOK350 Million Subsea EPC Contract From DONG

Jun 08, 2009: Aker Solutions Wins Three Contracts Worth NOK100 Million For Supplying Deck Machinery

May 29, 2009: Aker Solutions Secures Contract From StatoilHydro To Provide Mechanical Wireline Services

May 19, 2009: Aker Solutions Wins Two Contracts Worth NOK130 Million For On-Vessel Mooring And Riser Pull-In Systems

May 18, 2009: Saipem wins offshore facilities contract

May 18, 2009: Aker Solutions, Saipem Grab Two Contracts For Hook-Up Work On Kashagan Field In Kazakhstan

May 13, 2009: Aker Solutions Brings Floater Experience To Ichthys Project, Australia

Apr 30, 2009: Aker Solutions Receives Contract From Exxon Neftegas For Sakhalin 1 Gravity Base Structure

Apr 03, 2009: Aker Solutions Receives NOK390 Million EPCI Contract From StatoilHydro

Apr 01, 2009: Aker Solutions Receives Contract From Eskom For Nuclear Engineering At Koeberg NPP

Mar 30, 2009: Aker Solutions Receives NOK330 Million Contract From StatoilHydro

Mar 26, 2009: Aker Solutions Receives NOK400 Million EPC Contract From Dong E&P

Mar 20, 2009: Aker Solutions Secures EPCI Contract From StatoilHydro For Oseberg B Platform In Norway

Mar 17, 2009: Aker Solutions Signs Subsea Frame Agreement With Maersk Oil

Mar 11, 2009: Aker Solutions Secures $36.5 Million Contract From DSME

Feb 26, 2009: Aker Solutions Receives NOK1.5 Billion Contract To Modify And Develop Gas Plant At Kollsnes

Feb 24, 2009: Aker Solutions, Technip And SBM Offshore Receive FEED Contract From Shtokman

Feb 17, 2009: Aker Solutions Signs Contact With Lundin Petroleum To Provide Geology Services

Feb 09, 2009: Aker Solutions Signs FEED Study Contract With Gassnova

Jan 23, 2009: BP Extends Modification And Maintenance Support Contract With Aker

Jan 15, 2009: Aker Wins FEED Contract For Kashagan Oil Field In Kazakhstan

Jan 14, 2009: Aker Signs Subsea Engineering Contract With BP

Dec 30, 2008: Aker Signs Frame Agreement With Shell Norway And Shell UK

Dec 30, 2008: Aker Wins $12 Million Contract To Supply Subsea Trees To Petrobras

Dec 23, 2008: Aker Announces Release Of Option Under Statfjord Latelife Contract

Dec 18, 2008: Aker Secures NOK70 Million Worth Contracts For Offshore Loading Systems

Dec 18, 2008: Aker Secures EUR45 Million Contract For Petrobras' Tupi Field Development In Brazil

Dec 09, 2008: Aker Signs Contract With RIL For MA-D6 Subsea Development In India

Nov 27, 2008: Aker Receives NOK100 Million Troll B Subsea Umbilical Contract From Subsea 7

Nov 25, 2008: Aker Receives Subsea Installation Contract From Encana

Nov 12, 2008: Aker Signs Contracts With Murphy For Subsea Inventory Programme In GoM

Oct 30, 2008: Aker Wins Contract To Provide Services For BP - Lingen Facility In Germany

Oct 23, 2008: Aker Signs Subsea Supply Agreement With SSB

Oct 21, 2008: Aker’s JV Receives LoI For Kashagan Full Field Development FEED Contract

Oct 08, 2008: Aker Signs Drilling Equipment Frame Agreement With StatoilHydro

Oct 02, 2008: Aker Receives Contract From Modec To Deliver Process Systems To Brazil

Sep 30, 2008: Aker Wins Greater Ekofisk Area Contract From ConocoPhillips

Sep 22, 2008: Aker Wins Drilling Riser Contract From Atwood

Sep 19, 2008: Aker Receives NOK50 Million EPC Contract From StatoilHydro

Sep 18, 2008: Bjorge Wins Contracts From Heli, NLI And Aker

Sep 16, 2008: Aker Wins Two Contracts In India And Indonesia

Sep 12, 2008: Aker Solutions Receives Drilling Equipment Contracts From DSME

Sep 11, 2008: Bergen Receives Two New Contracts From Aker

Sep 09, 2008: Aker Wins Contract With Storm Ventures To Supply Subsea Production System

Aug 29, 2008: Aker Receives Drilling Equipment Contract From DSME

Aug 27, 2008: Aker Wins Drilling Equipment Contract Worth $240 Million With Sevan

Aug 26, 2008: Aker Receives Contracts From OSG And MODEC For Supply Of Offloading Systems

Aug 25, 2008: Aker Receives $35 Million Contract From DSME For Deepwater Drilling Riser System

Aug 08, 2008: Aker Wins Two Contracts Worth NOK150 Million To Deliver On-Vessel Mooring Systems

Jul 30, 2008: Aker Wins Contract With BP For Delivery Of Subsea Umbilicals

Jul 29, 2008: Aker And Dow Being Chosen By PetroChina Sichuan For PP Project In China

Jul 21, 2008: Aker To Provide Services At StatoilHydro's Platforms

Jul 14, 2008: Aker Solutions Wins Two Drilling Equipment Contracts From Daewoo

Jul 03, 2008: Aker Wins Fourth Deepwater Drilling Riser Contract In Brazil

Jul 03, 2008: Aker Wins Drilling Equipment System Contract With Jurong

Jun 27, 2008: Aker Receives Six Contracts From Samsung To Supply Deck Machinery

Jun 27, 2008: Aker Receives Contract From StatoilHydro For Tie-In Of M-template To Norne FPSO

Jun 19, 2008: Aker Receives Drilling Equipment Contract From Jurong

Jun 13, 2008: Aker Wins $65 Million Contract In Nigeria

Jun 10, 2008: Aker Wins Alvheim Subsea Contract

Jun 09, 2008: Aker Wins NOK55 Million Contract To Supply Steel Tube Umbilicals To Petrom

Jun 06, 2008: Aker Receives Contract From StatoilHydro For Replacement Of Cement Units On Gullfaks Platforms

Jun 05, 2008: Aker Wins DSME Drilling Riser Contract

Jun 02, 2008: Aker Wins Subsea Contracts In Australia And India

May 28, 2008: Aker Signs Agreement With FCX For Safford Acid Plant

May 23, 2008: Aker Wins Drilling Riser Contract From Atwood

May 19, 2008: Aker Receives Contract For Eni's Goliat Field

May 13, 2008: Aker Receives New Contract From Dow

Apr 24, 2008: Aker Wins Contract From Fairfield

Apr 21, 2008: ExxonMobil Awards Contracts To Build Australia Gas Project

Apr 18, 2008: Aker Wins Process Systems Contracts

Apr 03, 2008: Aker Kvaerner Enters $223 Million Subsea Deal With Petrobras

Apr 01, 2008: Aker Kvaerner Wins Drilling Riser Contract Worth $50 Million

Mar 25, 2008: Aker Receives Contract For Palmarejo Mining Project

Feb 13, 2008: Aker Kvaerner Wins Contract With StatoilHydro Troll C Platform

Feb 08, 2008: Aker Kvaerner And IHI JV Wins $680 Million LNG Contract

Feb 07, 2008: Aker Kvaerner Wins First Subsea Contract With Repsol

Jan 18, 2008: Aker Kvaerner Secures North Sea Framework Agreement With Shell

Jan 17, 2008: Aker Kvaerner Signs Two Contracts With DSME

Dec 27, 2007: Prosafe Gets $63 Million Contract For MSV Regalia From Aker Kvaerner

Dec 14, 2007: Aker Kvaerner Wins $90 Million Subsea Contracts In Brazil

Dec 05, 2007: Technip Wins Contracts From Aker Kvaerner

Nov 30, 2007: Aker Kvaerner Wins Contract From Woodside

Nov 29, 2007: Aker Kvaerner Wins Contract From StatoilHydro

Nov 23, 2007: Varley Receives Order From IESB For CDTP

Nov 09, 2007: Aker Kvaerner Wins $213 Million Drilling Equipment Contracts

Jul 09, 2007: Saipem Gets Two Offshore Contracts

Jun 26, 2007: Praj, Aker Win Contract For Bioethanol Project In UK

Nov 09, 2006: Aker Kvaerner, RIL Sign Contract For MEG Reclamation System

Financial Announcements

Feb 24, 2009: Aker Solutions Reports 2008 Results

Apr 29, 2009: Aker Solutions Reports Revenues Of NOK14.9 Billion For Q1 2009

Feb 14, 2008: Aker Kvaerner Reports Q4 2007 Results

Apr 03, 2008: Aker Kvaerner Declares Dividend

Jul 31, 2008: Aker Reports 2Q 2008 Results

Apr 24, 2008: Aker Reports 1Q 2008 Results

Oct 23, 2008: Aker Reports 3Q 2008 Results

Other Significant Developments

Jan 19, 2009: Total And Aker Enter Into Agreement Of Settlement On Frigg, Cost Overruns On H-6e Project

Jan 22, 2009: Aker Announces Management Changes

Jan 07, 2008: Aker Kvaerner Appoints New CFO

Mar 23, 2009: MCS And Qserv Execute Vacuum Test In Australia

Jan 22, 2008: Aker Kvaerner Appoints New President And CEO

Apr 02, 2009: Aker Solutions Announces First Gas From KG-D6 Subsea Development In India

Mar 17, 2009: Aker Solutions Provides Environmental Expertise To Westinghouse Electric

Apr 14, 2009: Aker Solutions Board Member Heidi Petersen Resigns

Jun 08, 2009: PSA Conducts Audit Of Drilling Systems On Aker Barents

Feb 11, 2009: Aker Solutions Expands To New Offices In Tucson, Arizona

Jun 25, 2009: Aker Solutions To Deliver Aker H-6e Drilling Rigs To Aker Drilling

Jun 29, 2009: Aker Solutions, Aibel, Samsung Consortium Not Pre-Qualified For Goliat EPC Tender

Feb 14, 2008: Aker Kvaerner Launches IOR Tool

Jul 01, 2009: Aker Solutions Elects Karl Erik Kjelstad As EVP

Jul 09, 2009: Alderley Systems Delivers Skids For Skarv, Idun Fields In Norway

Jul 13, 2009: PSA Conducts Audit Of Emergency Preparedness On Aker Barents Drilling Facility

Jul 14, 2009: PSA Grants AoC To Aker Spitsbergen Drilling Facility

Jul 14, 2009: PSA Grants AoC To Aker Barents Drilling Facility

Aug 25, 2009: Aker Solutions/IHI Partnership Achieves Substantial Completion For Cameron LNG Terminal, US

Sep 16, 2009: Dammam 7 Petrochemicals signs agreement for acrylic acid and acrylates complex

Sep 23, 2009: StatoilHydro Wins Consent To Upgrade Drilling Module On Oseberg B Facility In Norway

Sep 30, 2009: StatoilHydro Awards FEED Contract To Aker Solutions For Upgrading Gullfaks A Drilling Facilities

Oct 20, 2009: COOEC Signs MoU With Aker Solutions To Build Strategic Partnership

Apr 03, 2008: Aker Kvaerner Announces Name Change

Apr 10, 2008: Prosafe Provides Q1 2008 Operational Update

Jul 28, 2008: Aker To Execute FEED For CTL Plant In Mountain State

Aug 27, 2008: Aker Designs And Delivers Offshore Loading System On FOIROT

Apr 11, 2008: Aker Appoints New Executive Vice President

Sep 16, 2008: Aker Invests In Brazilian Operations

Sep 26, 2008: ONGC To Evaluate Tenders For New FPSO Vessel

Oct 10, 2008: Talisman And Aker Being Fined GBP1.2 Million By Scottish Court Over Death Of Worker

Oct 16, 2008: Qserv Appoints New International Operations Director

Mar 12, 2008: Hayward Tyler Tests 2500 kW Subsea Motor

Nov 21, 2008: Aker Transports SRSWI Pumps To Tyrihans Field In Norwegian Sea, Norway

Dec 18, 2007: Petrobras Selects Aker Kvaerner Design For P-56 Platform

Dec 20, 2007: StatoilHydro Awards NOK180 Million Contract To Aker Kvaerner

Appendix

Methodology

Ratio Definitions

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Disclaimer

List of Tables

Aker Solutions ASA, Key Facts

Aker Solutions ASA, Major Products and Services

Aker Solutions ASA, History

Aker Solutions ASA, Key Employees

Aker Solutions ASA, Key Employee Biographies

Aker Solutions ASA, Other Locations

Aker Solutions ASA, Subsidiaries

Aker Solutions ASA, Ratios based on current share price

Aker Solutions ASA, Annual Ratios

Aker Solutions ASA, Interim Ratios

List of Figures

Aker Solutions ASA, Ratio Charts

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