Equinor has exercised its first option to extend the drilling waste management contract with Soiltech for two years from 01.06.2024 to 31.05.2026. Equinor has options to extend the contract further until 2034.
Under the contract, Soiltech provides our full technology portfolio of innovative and sustainable waste management solutions, including slop treatment, cuttings handling, swarf treatment and cleaning services. The technologies are installed and operated by Soiltech on Equinor’s fixed installations, and on mobile drilling units working for Equinor.
“We thank Equinor for the trust they have placed in us. Equinor’s extension of the contract is first and foremost a recognition of the dedication of our field personnel and the onshore support team. In Soiltech we focus on SAFE operations and our ambition is to be in the forefront of technology development. We will continue to deliver solutions that support the ongoing decarbonization of the energy sector, while at the same time reducing our clients’ cost”, says Jan Erik Tveteraas, CEO of Soiltech.
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 operates world-wide and is headquartered in Norway. We are listed on Euronext NOTC in Norway under the ticker SOIL.
Contacts:
Tove Vestlie, CFO, +47 90690648
Jan Erik Tveteraas, CEO, +47 95214925
