Multiconsult - order of new drilling vessel

19 Apr 2023 13:00 CEST

Multiconsult (Oslo: MULTI) has a leading position in the ground survey market
both at sea and on land. After the accident with one of our drilling vessels in
January 2022, Multiconsult has chosen to replace it with a new build. A new
specially designed catamaran for our operations has now been ordered and planned
to be completed and ready for operation during the first half of 2024. This
newly developed vessel will be a total of 24 metres and has an estimated cost of
around NOK 60 million.

Over several decades Multiconsult Norge AS has developed and run specialised
drilling vessel to carry out these operations throughout the coastal zone in
Norway. Multiconsult holds a leading position in this "small-scale" drill ships
for nearshore operations. As designer and planner in many projects in the
coastal zone and at sea, this investment will complement to the wide range of
projects available for Multiconsult including port developments, industrial
projects, transport projects, aquaculture development and floating facilities
that require anchor locations. The new drilling vessel will be larger and faster
than earlier vessels and have better operating economics, providing
opportunities for a variety of investigations in a wider geographical area.

For further information, please contact:
   Investor relations:
      Pål-Sverre Jørgensen, Group Treasurer & Investor Relations Officer
      Phone: +47 416 11 161
      E-mail: psmj@multiconsult.no / ir@multiconsult.no

   Media:
     Cato A. Mørk, Senior Communications Advisor
     Phone: +47 924 55 663
     E-mail: caam@multiconsult.no

More information:
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