PTAS Aker Solutions, a joint venture between Aker Solutions ASA and local company PTAS Sdn Bhd, has secured a two-year extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP). The extension results from the activation of an option included in the current agreement signed in 2020.
Project managed from Kuala Belait
The operations will be managed from PTAS Aker Solutions’ office in Kuala Belait, Brunei. The contract covers the delivery of Offshore Restoration Maintenance Construction (ORMC) services to sustain production levels on BSP’s offshore assets located in the South China Sea.
PTAS Aker Solutions will act as the main contractor, overseeing the full scope of execution. According to Aker Solutions, the contract is classified as “significant”, with a value estimated between NOK1.5bn and NOK2.5bn ($139mn to $232mn).
Performance and cost reduction targets
“We aim to leverage an optimised delivery model and implement targeted improvement initiatives during this contract period,” said Paal Eikeseth, Executive Vice President and head of the Life Cycle division at Aker Solutions ASA, in a statement released on June 4.
He added that the company intends to enhance working methods, operational performance and efficiency while delivering cost reductions across the value chain.
Over a decade of commercial partnership
The partnership between Aker Solutions and Brunei Shell Petroleum dates back to 2012, when the first ORMC contract was awarded. Since 2020, services have been delivered through the joint structure PTAS Aker Solutions, combining PTAS Sdn Bhd’s local execution capabilities with Aker Solutions ASA’s international technical expertise.
The extended contract will be recorded as an order intake in the second quarter of 2025 in Aker Solutions’ Life Cycle segment, which covers maintenance and operational support activities for energy installations.
