24 Mar 2023 12:10 CET

Issuer

Nordic Technology Group AS

Bergen, Norway - Hammertech AS, a subsidiary of Nordic Technology Group AS
(NTG), a leading provider of multiphase flow meters, is pleased to announce that
it has won its first order for an AquaField Gold meter from TotalEnergies
(Total). This is an important milestone for Hammertech AS, as AquaField Gold is
the first full-fledged multiphase flow meter from the company, combining the
features of its Blue and Green meters with the added flow rate measurement of
oil, water and gas.
Total will use the AquaField Gold meter on its joint venture with QatarEnergy on
the Al Khalij offshore field, located approximately 130 kilometers east of the
Qatari coast. The AquaField Gold meter will help Total to optimize production
and maximize recovery on this field, and also contribute to reduce greenhouse
gas (GHG) emissions.
"We are delighted to partner with Total and provide them with our unique and
innovative multiphase flow meter technology," says Kaare Lunde, CEO of
Hammertech AS. "This order marks a major milestone for our company, as we
continue to push the boundaries of multiphase flow meter technology with
AquaField Gold. We look forward to working with Total to help them achieve their
production goals."
AquaField Gold offers the same robustness, accuracy and reliability as
Hammertech's existing Blue and Green meters, with the added capability of flow
rate measurement. This makes it the ideal solution for operators looking to
optimize production in a range of challenging applications, including offshore
fields like Al Khalij.
About Hammertech AS: Hammertech AS, a subsidiary of Nordic Technology Group AS
(NTG), is a Norwegian technology company that provides innovative solutions for
multiphase flow metering. The company's products are used by operators in the
oil and gas industry to optimize production, increase efficiency, and reduce GHG
emissions. With a focus on innovation and customer service, Hammertech AS is
committed to delivering high-quality solutions that meet the evolving needs of
the energy industry.
For more information, please contact:

Group CEO Rune Rinnan
Chair Hammertech AS
Mob. +47 900 56 028
rune.rinnan@ntechgroup.no
www.ntechgroup.no

Kaare Lunde, CEO Hammertech AS
info@hammertech.no
www.hammertech.no


Source

Nordic Technology Group AS

Provider

Oslo Børs Newspoint

Company Name

NORDIC TECHNOLOGY GROUP AS

ISIN

NO0011018434

Symbol

NTG

Market

Euronext Growth