Soiltech awarded contract with Equinor

15 Oct 2024 07:07 CEST

Soiltech ASA (OSE: STECH)
Sandnes, Norway, 15 October 2024

Soiltech has been awarded a contract by Equinor to provide solid waste (drill
cuttings) handling on Statfjord B. This is a sizable contract for Soiltech, with
the potential of becoming a large contract¹. Startup is in the fourth quarter of
2024. Soiltech will install its market leading solutions for safe and efficient
handling of the drill cuttings on the platform and will be responsible for the
operation.

“We are proud to be selected by Equinor for this project, which we see as a
recognition of our commitment to delivering sustainable and cost-effective
solutions”, says Jan Erik Tveteraas, Soiltech’s CEO.

The Statfjord field is one of the oldest producing fields in Norway, located in
the Tampen area in the northern part of the North Sea. Statfjord B platform
started operations in 1982. Equinor has initiated a field life extension (FLX)
project for Statfjord with an aim to extend the lifetime of the field towards
2040.

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.


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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

For more information, contact:
Tove Vestlie, CFO
Telephone: (+47) 90 69 06 48
Jan Erik Tveteraas, CEO
Telephone: (+47) 95 21 49 25

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