Soiltech ASA (OSE: STECH)
Sandnes, Norway, 08. January 2026
Soiltech ASA will perform fluid treatment, onshore waste handling and associated services on the harsh environment semisubmersible rig Deepsea Yantai on the NCS, under contracts with DNO, Wellesley Petroleum, and Well Expertise. Startup is expected to be in the first quarter of 2026, with an expected duration until year-end 2026. This is estimated to be a large contract¹ for Soiltech.
“We look forward to working with our clients on these exciting projects. By utilising our market-leading treatment technologies, we can reduce and recover waste in a highly efficient and cost-effective manner, enabling more sustainable project execution and responsible resource management,” 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 on 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.
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: Odfjell Drilling