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Soiltech sign long-term contract with Transocean

By 27/11/2023No Comments1 min read

Soiltech has entered into a contract with Transocean for the provision of waste management services on the semi-submersible drilling rig Transocean Spitsbergen. The rig will be working for Equinor in Norway.

The startup is estimated to be first quarter 2024 with a duration until the second quarter 2025 plus options to extend.

The contract includes the provision of Soiltech’s market leading and innovative technologies within the treatment of contaminated water, responsible handling of cuttings, and cleaning services.

“We are proud to be awarded this contract by Transocean. This will be the second rig for Transocean as we are already on Transocean Barents which is drilling off Cyprus. We see the award as a recognition of our commitment to deliver sustainable waste management solutions, says Soiltech’s CEO Jan Erik Tveteraas.

 About Soiltech

Soiltech is an innovative cleantech service provider specializing in the treatment, recycling and responsible handling of contaminated water and solid waste. Our technologies enable cost savings and lower CO2 emissions through waste reduction, waste recovery and reuse.

Soiltech is headquartered in Norway and operates world-wide. We are listed on Euronext NOTC in Norway under the ticker SOIL.