DOW JONES NEWSWIRES

Statoil Friday said it has exercised a one-year option to extend its contract with Aker Solutions at the Mongstad refinery in Norway with the value of the contract for 2011 valued at about NOK100M.

   MAIN FACTS:

-Work will occupy about 120 people from Aker Solutions in Bergen, Norway

-Work for Aker Solutions mainly comprises minor modifications to increase robustness and generally improve the facility.

-The option period commences Jan. 01 2011.

-The contract parties are Aker Solutions' subsidiary Aker Offshore Partner and Statoil.

- In 2005 Statoil awarded Aker Solutions a modifications framework agreement for

the Mongstad refinery.

-Remaining options in the running minor modifications contract include a one year option followed by a two year option.

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090; djnews.stockholm@dowjones.com