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Nekkar ASA: Subsidiary wins new rig services contract

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

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

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+47 988 14 184

ir@nekkar.com