Soiltech ASA (OSE: STECH) Sandnes, Norway, 20 June 2025
Soiltech ASA has received a call-off order under the Frame agreement with Equinor to provide fluid treatment (STT) services on the producing Njord A platform in Norway, with expected startup in the third quarter of 2025. Subject to the exercise of options, this is estimated to be a substantial contract for Soiltech¹. The Frame agreement with Equinor has a duration until June 2026, option periods excluded, potentially 2034 including all option periods. Njord is located in the Norwegian Sea, 30 kilometres west of Draugen.
“We continue to improve our technologies with a focus on waste reduction and waste recycling, and thereby realizing considerable cost reductions for our clients, says Erik Røvde, VP operations in Soiltech. From more than 25 ongoing operations world-wide, we gather unique amounts of data which are used to enhance the efficiency of our fluid treatment services.” About Soiltech Soiltech is an innovative technology company specializing in the treatment, recycling and sustainable handling of fluids and solid waste on site. By offering cost-effective and innovative technologies, we deliver tailor-made solutions for the treatment, recycling, and handling of waste. Soiltech operates world-wide and is headquartered in Norway.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
1 Contract sizes
A sizable contract has an estimated value of MNOK 5 – 10
A substantial contract has an estimated value of MNOK 10 – 20
A large contract has an estimated value above MNOK 20
Contact:
Tove Vestlie, CFO Telephone: (+47) 90 69 06 48, email: IR@soiltech.no
Jan Erik Tveteraas, CEO Telephone: (+47) 95 21 49 25
Foto: Equinor