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

04 Jun 2025 10:30 CEST

June 4, 2025 - PTAS Aker Solutions has secured a significant[1] 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.

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