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Soiltech awarded contract with Transocean

By 02/07/2024No Comments2 min read

Transocean has awarded Soiltech a contract for the treatment of contaminated water on the semi-submersible, harsh environment rig Transocean Enabler. This is a substantial¹ contract for Soiltech. Startup is expected to be in the third quarter of 2024.

Transocean Enabler will be working for Equinor in the Barents Sea, under a long-term contract which currently runs to 31 December 2025, with option for extension.

“We are pleased to announce this contract which we see as recognition of the dedication of our field personnel and the onshore support team. We will continue to support Transocean by delivering sustainable water treatment solutions without the use chemicals and with a high degree of waste reduction”, says Jan Erik Tveteraas, Soiltech’s CEO

About Soiltech

Soiltech is an innovative technology company specializing in the treatment, recycling and sustainable 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.

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1.Contract sizes

A sizable contract has an estimated value of NOK 3 – 10 million . A substantial contract has an estimated value of NOK 10 – 25 million. A large contract has an estimated value above NOK 25 million

Date: 2. July 2024

Contact:

 

Tove Vestlie, CFO, +47 90690648

Jan Erik Tveteraas, CEO, +47 95214925