tiprankstipranks
Trending News
More News >

PTAS Aker Solutions Secures Major Contract Extension with Brunei Shell Petroleum

Story Highlights
PTAS Aker Solutions Secures Major Contract Extension with Brunei Shell Petroleum

Don’t Miss TipRanks’ Half-Year Sale

Aker Solutions ASA ( (GB:0QXP) ) has shared an announcement.

PTAS Aker Solutions, a joint venture between Aker Solutions and PTAS Sdn Bhd, has secured a significant two-year contract extension with Brunei Shell Petroleum for offshore maintenance and modification services. This extension, valued between NOK 1.5 billion and NOK 2.5 billion, will focus on maintaining and upgrading offshore assets in the South China Sea, enhancing performance and efficiency while reducing costs.

The most recent analyst rating on (GB:0QXP) stock is a Hold with a NOK33.00 price target. To see the full list of analyst forecasts on Aker Solutions ASA stock, see the GB:0QXP Stock Forecast page.

More about Aker Solutions ASA

Aker Solutions delivers integrated solutions, products, and services to the global energy industry, focusing on low-carbon oil and gas production and renewable energy solutions. The company employs approximately 11,800 people across more than 15 countries.

Average Trading Volume: 1,081,468

Current Market Cap: NOK16.56B

For an in-depth examination of 0QXP stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1