Norwegian oilfield services provider Aker Solutions, in a joint venture with PTAS Sdn Bhd, has signed a five-year agreement to provide offshore maintenance and modification services to Shell in Brunei.
Aker Solutions said on Monday that the scope of work covers maintenance and upgrades to maintain production levels for more than 200 offshore assets.
The name of the new entity is PTAS Aker Solutions Sdn Bhd. The joint venture will ensure continuity of delivery. The work will be managed from PTAS Aker Solutions Sdn Bhd’s office in Kuala Belait, Brunei Darussalam.
As a result of the contract award, Aker Solutions will book order intake of about NOK 4 billion ($376.7 million) in the first quarter of 2020, in line with the company’s announcement from 15 January 2020.
Namely, Aker Solutions informed last January it was participating in a joint venture that had been issued a letter of award to provide offshore maintenance and modification services to an undisclosed client.
“We are pleased to continue our work for Brunei Shell Petroleum and look forward to help extend the lifetime of the offshore installations in the South China Sea”, said Luis Araujo , chief executive officer of Aker Solutions.
According to Aker Solutions, since it secured the Offshore Reliability Maintenance and Construction contract for Brunei Shell Petroleum in 2012, the company has continuously improved the service delivery and introduced new working methods and technology to Brunei Shell Petroleum.
Aker Solutions currently employs more than 340 people in Brunei and manages 2,300 through local subcontractors.