New Name for Business Area in Aker Solutions

Aker Solutions has decided that Energy Development & Services will be the name of the new business area, combining the forces of Maintenance, Modification and Operations and Field Development.

"I believe this is a name that captures the operations of the existing business areas as well as the new one in a good way," said Nils Arne Hatleskog, executive vice president (EVP) of Energy Development Services and EVP for Field Development until the reorganisation comes into force.

The new combined business area will be reporting as one business area from first quarter 2008. Historic numbers will also be presented according to the new structure in the first quarter 2008 results presentation and report.