Correction: Beerenberg wins sizeable contract in Brazil

09 Apr 2024 15:34 CEST

Bergen, April 9th, 2024: Beerenberg has signed a new (1) sizeable contract with
Equinor Energy AS.

The contract covers specialized robotic surface treatment on the Peregrino FPSO
located offshore Brazil and is worth between NOK 50 and NOK 100 million with
planned commencement in April 2024. The Contract is the third for similar
services to Equinor Brasil Energia Ltda.

Arild Apelthun, CEO at Beerenberg said: "This is a complicated project where
robotic solutions enable safe and efficient maintenance. We continue to push
technical boundaries in our quest to solve complex maintenance challenges and
are looking forward to collaborating with Equinor and our partners on this
project.”

(1) A sizeable contract is defined to be between NOK 50 million and NOK 100
million.
(2) A substantial contract is between NOK 100 million and NOK 200 million.
(3) A large contract is over NOK 200 million.

For further information, please contact:
Harald Haldorsen, CFO Beerenberg AS
Phone: +47 982 34 834
E-mail: harhal@beerenberg.com

About Beerenberg AS
Beerenberg has delivered cost efficient solutions to a wide range of industrial
enterprises for 47 years. Beerenberg is one of the leading suppliers of
maintenance and modifications services on the Norwegian Continental Shelf as
well as a global provider of robotic services and insulating products. The
Group´s expertise covers the entire life cycle of the petroleum industry from
field studies and newbuilds to maintenance, modifications, and lifetime
extensions. The operational activities are organized in Beerenberg Services and
its subsidiaries. Headquartered in Bergen, Beerenberg has offices in Stavanger
and Skien in Norway and in Poland, UK, South-Korea, Thailand, Singapore, and
Brazil.

To learn more, please visit www.beerenberg.com.

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