Nekkar ASA: Subsidiary wins new rig services contract

04 Nov 2025 21:21 CET

4.11.2025 21:21:54 CET | Nekkar ASA | Non-regulatory press releases

November 4, 2025 - Intellilift and InteliWell sign a contract for their joint
venture's game-changing drilling automation solution.

InteliWell, a joint venture formed to accelerate autonomous well construction,
has today announced that it has secured a contract to provide automation
services on the Transocean Deepwater Titan, an ultra-deepwater drillship
operating in the Gulf of America.



The InteliWell platform will be installed in the coming quarter. Initially,
automation services will concentrate on automated tripping and drilling
connections, utilizing the InteliAutomate and InteliTrak applications.



For the Deepwater Titan team, the InteliWell automation platform will deliver
consistency and efficiency, as well as automated well protection and a reduction
in the team's cognitive load when executing repetitive well construction tasks.



Furthermore, InteliWell has contracted Intellilift to deliver the services for
its software products. For Intellilift, this contract comprises a fixed-sum
project plus Software-as-a-Service fee throughout the contract period.



This is the fourth deployment of the InteliWell automation platform.



To learn more about InteliWell, visit: www.inteliwell.com -
http://www.inteliwell.com

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

CONTACTS

* Ole Falk Hansen, CEO, +47 988 14 184, ir@nekkar.com

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology
companies. The company invests in and develops technology businesses within
sustainable oceans, robotics and intelligent logistics, and digital solutions.
With a 50-year industrial heritage from Syncrolift, Nekkar applies an active
buy-to-own strategy to build long-term value. The group supports empowered
operating companies with a strong balance sheet and reinvests strategically to
ensure profitability and sustainable growth. As a publicly listed company,
Nekkar has a proven track record of shareholder value creation through
disciplined M&A, financial management, and capital allocation.

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