27 Aug 2024 15:45 CEST

Issuer

AF Gruppen ASA

AF Gruppen (AFG) has today received a LOI for a contract from Allseas (EXCALIBUR
MARINE CONTRACTORS S.A) for disposal services of a Topside of 12,000 metric
tonnes. The LOI includes an option for a second topside. Including the option
the total weight is between 25,000 and 30,000 metric tonnes.

The disposal yard preparations and engineering will commence this autumn and the
structure(s) will be received within the next few years.

"We are very pleased to have been awarded this first contract by Allseas. We
look forward to starting this important work. In this project, we will survey,
engineer, dismantle and recycle a Topside transported to the yard by Allseas in
a single lift. This project represents an important next step within our core
competencies, and the award is a recognition of our significant track record in
delivering safe and efficient onshore dismantling and recycling solutions," says
Lars Myhre Hjelmeset, EVP Offshore at AF Gruppen.


For further information:

EVP Offshore, AF Gruppen: Lars Myhre Hjelmeset, tel. +47 970 39 084
CEO, AF Gruppen: Amund Tøftum, tel. +47 920 26 712


Source

AF Gruppen ASA

Provider

Oslo Børs Newspoint

Company Name

AF GRUPPEN

ISIN

NO0003078107

Symbol

AFG

Market

Oslo Børs