Soiltech awarded contract with PGNiG

16 Sep 2024 10:26 CEST

Soiltech ASA (OSE: STECH)

Sandnes (Norway), 16 September 2024

PGNiG has awarded Soiltech a contract for the treatment of contaminated water on
the semi-submersible, harsh environment rig Deepsea Yantai, operated by Odfjell
Drilling. This is a sizable¹ contract for Soiltech. Startup is expected to be in
the fourth quarter of 2024.

“We are pleased to announce this contract which we see as result of Soiltech’s
focus on providing cost-effective and sustainable solutions to our clients. By
treating the waste offshore on the drilling location, without the use of
chemicals, we are reducing the amount of waste transported to shore, and thereby
reducing the carbon emissions”, says Jan Erik Tveteraas, Soiltech’s CEO.

Soiltech is already treating contaminated water onboard Odfjell Drilling’s
Deepsea Aberdeen, Deepsea Atlantic and Deepsea Stavanger.
____________
1.Contract sizes
A sizable contract has an estimated value of NOK 3 - 10 million
A substantial contract
has an estimated value of NOK 10 – 25 million
A large contract has an estimated value
above NOK 25 million


About Soiltech
Soiltech is an innovative technology company specializing in the treatment,
recycling and sustainable handling of contaminated water and solid waste at
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.

For more information, contact:
Tove Vestlie, CFO
Telephone: (+47) 90 69 06 48

Jan Erik Tveteraas, CEO
Telephone: (+47) 95 21 49 25

More information:
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