Aker Solutions ASA: PTAS Aker Solutions secures extension of brownfield services contract in Brunei

June 4, 2025 – PTAS Aker Solutions has secured a significant¹ two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP). The extension is a result of the customer exercising an option included in the current agreement.

PTAS Aker Solutions, a local joint venture between Aker Solutions and the Brunei company PTAS Sdn Bhd, has been awarded a contract extension for delivery of Offshore Restoration Maintenance Construction (ORMC) services for Brunei Shell Petroleum (BSP).  

The work will be managed from PTAS Aker Solutions Sdn Bhd’s office in Kuala Belait, Brunei Darussalam. 

The scope of work covers maintenance and upgrades to sustain production levels across offshore assets in the South China Sea, with PTAS Aker Solutions serving as the main contractor. 

"We look forward to leveraging an optimized delivery model and driving targeted improvement initiatives during this contract period. As the main contractor, we are committed to enhancing new ways of working and improving performance and efficiency while delivering cost reductions across the value chain", said Paal Eikeseth, Executive Vice President and head of Aker Solutions' Life Cycle Business. 

Aker Solutions secured the first ORMC contract for Brunei Shell Petroleum in 2012 and the current contract in 2020 as PTAS Aker Solutions. PTAS Aker Solutions combines strong local execution capabilities, with the full breadth of Aker Solutions’ international expertise. 

The contract will be booked as an order intake in the second quarter of 2025 in the Life Cycle segment. 

¹ Aker Solutions defines a significant contract as being between NOK 1.5 billion and NOK 2.5 billion.

ENDS 

Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
 +47 470 10 611

Ruth Lycke
media contact 
ruth.lycke@akersolutions.com 
+47 906 65 931

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 11,800 people in more than 15 countries.

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This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange release was published by Pamela Risan, Communications Manager, Communications, Aker Solutions, on June 04, 2025 at 10:30 CEST.