Equinor has awarded Soiltech a contract for the treatment of contaminated water on the floating storage unit (FSU), Njord Bravo. Njord Bravo is located on the oil and gas field Njord in the Norwegian Sea.
The contract is a milestone for Soiltech since it will be the first time the company’s slop treatment technology (STT) is used on an FSU. Expected startup is the third quarter 2024.
“While this is a short contract, we are proud to be selected by Equinor for the project. It will give us valuable experience from treating waste fractions onboard an FSU. Subject to the requirement of Equinor’s operations, we might be called out from time to time to perform similar services”, says Jan Erik Tveteraas, Soiltech’s CEO.
About Soiltech
Soiltech is an innovative technology company specializing in the treatment, recycling and responsible handling of contaminated water and solid waste at site. Our technologies enable cost savings and lower CO2 emissions through waste reduction, waste recovery and reuse.
Soiltech AS has signed a merger plan with Oceanteam ASA. The combined company will seek listing on Oslo Børs under the name Soiltech ASA. It is anticipated that such listing will take place around the end of Q3 2024.
Soiltech operates world-wide and is headquartered in Norway. We are listed on Euronext NOTC in Norway under the ticker SOIL.
Date: 24. June 2024
Photo credit: FleetMon
Contact:
Tove Vestlie, CFO, +47 90690648
Jan Erik Tveteraas, CEO, +47 95214925
