| Work Detail |
A joint venture between Norway’s Aker Solutions and Brunei’s PTAS has secured a two-year contract extension to provide offshore maintenance and modification services to energy supermajor Shell. The extension is a result of Shell exercising an option included in the current agreement. The JV will continue its deal for the delivery of offshore restoration and maintenance construction services for Shell’s local subsidiary, Brunei Shell Petroleum. The work will be managed from the JV’s office in Kuala Belait. 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. Financial details of the deal were not disclosed, but the company stated that the deal was significant, placing it in the $150m to $250m range. Aker Solutions secured the first such deal contract for Brunei Shell Petroleum in 2012 and the current contract in 2020 as PTAS Aker Solutions. The contract will be booked as an order intake in the second quarter of 2025 in the life cycle segment. |
