A joint venture (JV) between Norway’s Aker Solutions and Brunei’s PTAS has secured a two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).
The JV, PTAS Aker Solutions, will deliver offshore restoration maintenance construction (ORMC) services for BSP.
The extension reinforces the JV’s presence in the South China Sea, where it will continue to manage maintenance and upgrades from its office in Kuala Belait, Brunei Darussalam.
The contract, which will be recorded as an order intake in the second quarter of 2025 in the Life Cycle segment, is aimed at sustaining production levels across BSP’s offshore assets.
PTAS Aker Solutions, serving as the main contractor, combines local execution capabilities with Aker Solutions’ international expertise.
The value of the contract falls within the range that Aker Solutions classifies as significant, between Nkr1.5bn ($148.8m) and Nkr2.5bn.
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By GlobalDataAker Solutions’ Life Cycle Business executive vice-president and head Paal Eikeseth said: “We look forward to leveraging an optimised 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.”
Aker Solutions’ relationship with BSP began in 2012 when it secured its first ORMC contract, and continued in 2020 with the formation of PTAS Aker Solutions.
In January, Aker Solutions entered into a five-year strategic partnership with Vår Energi on the Norwegian Continental Shelf (NCS). The NCS contract includes a five-year term with an option to extend for up to 11 years.
